Allegion has completed its previously announced acquisition of Stanley Access Technologies and assets related to the automatic entrance solutions business from Stanley Black & Decker for $900 million in cash.
Stanley Access Technologies is a leading manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada. Its diversified customer base centers on nonresidential settings, including retail, healthcare, education, commercial offices, hospitality and government. Access Technologies generated about $340 million in net sales in 2021.
“This acquisition bolsters Allegion’s seamless access strategy with a category market leader, while growing the Allegion Americas core business through adjacent automatic entrance products and installation and maintenance services,” says David D. Petratis, Allegion chairman, president and CEO. “In addition, the Allegion team is proud to welcome Access Technologies’ dedicated employees, who bring immense talent and expertise in safety, security and service.”
