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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allegion Plc | NYSE:ALLE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 121.56 | 0 | 09:05:05 |
Allegion plc (NYSE: ALLE), through one of its subsidiaries, has closed on the sale of its Qatar Metal Industries (QMI) business to the HLD Group of Companies, a private industrial portfolio of companies based in the UK.
Terms of the transaction, which closed on Feb. 28, 2021, are not disclosed. The divestiture of QMI – a commercial door manufacturer in the Middle East – was previously announced as a part of Allegion’s 2020 fourth-quarter, full-year earnings call and release.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.7 billion in revenue in 2020, and its security products are sold around the world.
For more, visit www.allegion.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005969/en/
Media Contact: Whitney Moorman – Reputation Management Leader 317-810-3241 Whitney.Moorman@allegion.com Analyst Contact: Tom Martineau – Vice President, Investor Relations, and Treasurer 317-810-3759 Tom.Martineau@allegion.com
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