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Allegion to Acquire Korean Electronic Lock Company Milre Systek

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DUBLIN--(BUSINESS WIRE)--Allegion, plc (NYSE: ALLE), a leading global security products and solutions provider, has agreed, through one of its subsidiaries, to acquire Milre Systek Co., Ltd. The transaction is expected to close in the third quarter of this year. Milre is a leading security solutions manufacturer in South Korea, focused on producing high-quality and innovative electronic door locks. The Milre suite of products – sold across both retail and commercial distribution channels – incl

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