Deal Details
sale to Allegion, plc
Summary
Baird served as exclusive financial advisor to HgCapital on this transaction .
About
SimonsVoss Technologies GmbH (“SimonsVoss” or the “Company”), a portfolio company of HgCapital, was recently acquired by Allegion, plc (NYSE: ALLE) for consideration of €210 million.SimonsVoss is an electronic lock company with a leading position in the growing European electronic lock market. The Company’s comprehensive suite of solutions for electronic access control is sold globally. As a strong brand that is well-known for innovation, SimonsVoss adds IP and technical expertise in the safety and security business to Allegion. SimonsVoss generated sales of approximately €52 million in 2014 and has approximately 275 employees. SimonsVoss is headquartered in Munich, Germany.
Allegion is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion is a $2 billion revenue company, with products sold in almost 130 countries. Allegion is headquartered in Dublin, Ireland.
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- Date
- September 2015
- Company
- SimonsVoss
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- Europe
- Acquiror Geography
- Europe
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