About the Company
Allegion PLC offers security products for businesses and homes. It provides electronic and mechanical products, systems and services to secure places as well as people. Incorporated in the year 2013, the company is based in Dublin, Ireland. It has regional corporate centres in Carmel, US; Brussels, Belgium and Shanghai, China. Allegion shares trade on the New York Stock Exchange (NYSE) as ALLE. It is also included in the list of S&P 500 companies.
Allegion is a spin-off of Ingersoll Rand, a global provider of industrial equipment and technologies. Ingersoll Rand was behind the invention of the “panic release bar” exit device in 1903. Allegion carries forward its rich legacy, operating in over 130 countries around the globe as of 2020. Its operations span across three geographic segments, namely Americas, Asia-Pacific and EMEIA (Europe, Middle-East, India and Africa). These segments sell a range of security products and solutions such as locks, key systems, exit devices, access control, electronic products, time and attendance systems, workforce productivity solutions and more.
ALLE operates through numerous subsidiaries and brands like CISA, Glynn-Johnson, Falcon, Briton and Steelcraft, among several others. It also acquired certain assets of Schlage Lock De Colombia, SA. This company was the second-largest mechanical lock manufacturer in Columbia with $12 million in revenues. In March 2018, Allegion launched a venture capital fund called Allegion Ventures. The goal of this launch was to help companies grow innovative products and technologies. In 2019, Allegion Ventures added HqO, a leading commercial real estate firm to its investment portfolio. It also made strategic investments in Kasa Living, VergeSense and Openpath in the year 2020.
The company, through its improved Environmental, Health and Safety (EHS) management system, reduced its water usage by 2.8% in 2018 compared to 2017. It also reduced its greenhouse gas emission and waste disposal by 12% YOY and 15.3% YOY, respectively.
In 2017, the company accepted an award by Manufacturing Leaders for its talent engagement. QuickFix technology, by Allegion, received the Good Design Award - Australia’s highest honour for design and innovation in 2019. Allegion US was included by Forbes in its list of America’s Best Employers By State 2020.;
|Industry||Security & Protection Services|