Allegion Acquires Dorcas, Growing International Portfolio of Electro-Mechanical Access Solutions
DUBLIN, March 04, 2024--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has acquired, through one of its wholly owned subsidiaries, Dorcas (Montajes electronicos Dorcas S.L.).
Dorcas is a leading manufacturer of electro-mechanical access control solutions. The privately held company is based in Siete Aguas (Valencia region), Spain, where it specializes in the production of electric strikes, electro-mechanical and electro-magnetic locks, as well as complementary access control solutions and door control products. Dorcas solutions are distributed and sold internationally with a strong presence across European markets, including healthcare and education verticals.
Dorcas will operate as part of the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley.
"Dorcas’ electric strikes and locks are integral elements of access control systems, and adding this business to Allegion International is another strategic investment in the health and quality of our portfolio," Eckersley said. "Combined, our teams will specify and supply a broader range of seamless access solutions across customers and channels."
To support a smooth integration, Dorcas CEO Pablo Ibáñez will join Allegion as managing director of the Dorcas business.
"Joining Allegion offers new routes to market and accelerated growth opportunities for Dorcas," Ibáñez said. "Our cultures of innovation and putting customers first align, providing a very exciting future ahead."
Terms of the transaction were not disclosed.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $3.7 billion in revenue in 2023, and its security products are sold around the world.
For more, visit www.allegion.com.
Forward-Looking Statements
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Contacts
Media Contact:
Whitney Moorman – Director, Global Communications
317-810-3241
Whitney.Moorman@allegion.com
Analyst Contacts:
Jobi Coyle – Director, Investor Relations
317-810-3107
Jobi.Coyle@allegion.com
Josh Pokrzywinski – Vice President, Investor Relations
463-210-8595
Joshua.Pokrzywinski@allegion.com
