DUBLIN (June 28, 2018) – Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has agreed to acquire ISONAS through one of its subsidiaries. The transaction is expected to close early in the third quarter of 2018, subject to customary closing conditions.
ISONAS has edge-computing technology that provides innovative access control solutions for non-residential markets. ISONAS intelligent devices – like its popular integrated reader-controllers – utilize power over ethernet, making them easy to install and cost effective as they utilize existing customer infrastructures. The company is based in Boulder, Colo.
“By bringing ISONAS into the Allegion family, we’re adding a technology leader with solutions that align well with Allegion’s channel initiatives and add new access technologies to our portfolio,” said Tim Eckersley, Allegion senior vice president and president of the Americas region. “As Allegion continues to drive electronic adoption across our industry, we will also continue to offer more IP wall-based choices that add value for customers.”
Since its founding in 2000, ISONAS has accelerated growth, established strong customer relationships and built a network of certified integrators and committed distributors. Allegion’s global presence, electronics expertise and channel relationships are expected to further expand the reach of ISONAS technology and increase its capacity for growth.
Following the closing of the transaction, ISONAS is expected to operate within Allegion’s Americas region. ISONAS generated approximately $6 million in net sales in 2017. Terms of the transaction were not disclosed.
