Allegion


Allegion plc is a provider based in Dublin of security products, for homes and businesses. It comprises thirty one global brands, including CISA, Interflex, LCN, Schlage and Von Duprin. The $US2 billion company sells products in more than 130 countries across the world. David D. Petratis has been announced Chairman of the Board, Chief Executive Officer and President of the Company, in August 2013.
Allegion spun off from Ingersoll Rand Plc on 1 December 2013, and became a standalone, publicly traded company. This placed Allegion on the S&P 500, where it replaced JC Penney.

Mergers and subsidiaries

On 8 January 2014, Allegion acquired certain assets of Schlage Lock de Colombia S.A., the second largest mechanical lock manufacturer in Colombia, with revenues of US$12 million. The acquisition gave Allegion a 45,000 square foot integrated plant in Bogota, Colombia, and approximately 350 new employees.

Ownership

As of 2017, Allegion shares are mainly held by institutional investors

Locations

Allegion plc is headquartered in Dublin, Ireland. Its regional offices for the Americas is in Carmel, Indiana, United States. Its European regional offices are in Faenza, Italy, and the company's Asia headquarters are in Tower B of City Center of Shanghai in Shanghai, China.

Brands and subsidiaries

In March 2018, the company launched the venture capital fund, Allegion Ventures. The aim is to invest in early stage companies in the sectors security and smart access. The initial funding was $50 million. The following companies are part of the Allegion Ventures Programme: