Allegion to Acquire Electronic Lock Company SimonsVoss

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DUBLIN--(BUSINESS WIRE)--Allegion, plc (NYSE: ALLE), a leading global security products and solutions provider, has agreed, through its subsidiary Allegion Luxembourg Holding & Financing S.à r.l, to acquire SimonsVoss Technologies GmbH from HgCapital. The transaction is expected to close in the third quarter of this year, subject to regulatory approvals. SimonsVoss, headquartered in Munich, Germany, is an electronic lock company with a leading position in the growing European electronic mar

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