Tag: Bernhard Sommer

DUBLIN—Allegion is acquiring SimonsVoss Technologies from HgCapital. The transaction, valued at €210 million ($234 million), is expected to close later this year. SimonsVoss is an electronic lock company, headquartered in Munich with a global presence. SimonsVoss generated sales of approximately €52 million in 2014 and has approximately 275 employees, Allegion said in a release. “SimonsVoss is highly complementary to Allegion's portfolio and provides sound synergy opportunities,”...