Tag: ELATEC
Allegion sees ‘resilient’ non-residential market, ‘soft’ residential market in Americas
October 29, 2025Cory Harris, Editor
DUBLIN—Allegion reported a strong Q3 2025, supported by what CEO John H. Stone calls a “resilient” performance and steady aftermarket demand in the non-residential market in the Americas, even as residential markets remained “soft.”
Allegion’s Americas segment delivered strong operating results in Q3, with revenue of $844 million - up 7.9% on a reported basis and up 6.4% on an organic basis - led by its non-residential business.
“Q3...
Allegion to acquire access control manufacturer ELATEC in $382 million deal
June 12, 2025SSN Staff
DUBLIN—Allegion, a global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities, from Summit Partners for €330 million ($382 million) on a cash-free, debt-free basis.
Allegion expects to fund the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility.
ELATEC is a manufacturer of security and access technology,...
ELATEC welcomes Chris Randall
June 25, 2024SSN Staff
PALM CITY, Fla. — ELATEC Inc., a developer and manufacturer of RFID and mobile credential readers, today announced that Chris Randall has joined ELATEC as senior business development outreach manager based in Scottsdale, Ariz.
ELATEC said that Chris brings a wealth of experience and a proven track record in strategic planning, brand management, and lead generation within the security and technology sectors.
In his new role, Randall will spearhead the company's go-to-market strategy,...
ELATEC names Sarah Bowling as VP of business development and marketing
January 23, 2024SSN Staff
PALM CITY, Fla.—ELATEC Inc., a developer and manufacturer of innovative RFID products, has announced the appointment of Sarah Bowling as the VP of business development and marketing.
Bowling will play a pivotal role in driving the company's growth strategy by aggressively expanding its customer base in the Americas.
As ELATEC focuses on adding new customers to sustain its growth trajectory, Bowling's primary objective will be to collaborate with the territory sales team. She will...