M&A Deal Summary

Allegion Acquires Astrum Benelux

On July 29, 2021, Allegion acquired software company Astrum Benelux

Acquisition Highlights
  • This is Allegion’s 1st transaction in the Software sector.
  • This is Allegion’s 1st transaction in Belgium.

M&A Deal Summary

Date 2021-07-29
Target Astrum Benelux
Sector Software
Buyer(s) Allegion
Deal Type Add-on Acquisition

Target

Astrum Benelux

Belgium
Astrum Benelux is a distribution partner for the SP-EXPERT workforce management software solution in Benelux.

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Buyer(S) 1

Buyer

Allegion

Dublin, Ireland

website


Category Company
Founded 2013
Sector Safety/Security
Employees11,000
Revenue 2.9B USD (2021)
DESCRIPTION

Allegion is a global pioneer in safety and security, with major 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 was founded in 2013 and is based in Dublin, Ireland.


DEAL STATS #
Overall 17 of 20
Sector (Software) 1 of 1
Type (Add-on Acquisition) 15 of 17
Country (Belgium) 1 of 1
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 WorkforceIT

Houten, Netherlands

WorkforceIT delivers and implements innovative, employee-centric HR solutions. WorkforceIT employee app Speakap improves digital internal corporate communication. WorkforceIT was founded in 1999 and is based in Houten, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-22 Stanley Access Technologies

Farmington, Connecticut, United States

Stanley Access Technologies invented the automatic door and continues to lead the industry with state-of-the-art door solutions, a passion for innovation, and a low total cost of ownership. Today, the business manufactures, installs and services sliding, swinging, folding, transit/metro, and revolving door systems and an array of sensors, controls, and security options. Stanley Access Technologies is based in Farmington, Connecticut.

Buy $900M