M&A Deal Summary

Allegion Acquires Stanley Access Technologies

On April 22, 2022, Allegion acquired business services company Stanley Access Technologies from Stanley Black & Decker for 900M USD

Acquisition Highlights
  • This is Allegion’s 1st transaction in the Business Services sector.
  • This is Allegion’s largest (disclosed) transaction.
  • This is Allegion’s 7th transaction in the United States.
  • This is Allegion’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-04-22
Target Stanley Access Technologies
Sector Business Services
Buyer(s) Allegion
Sellers(s) Stanley Black & Decker
Deal Type Divestiture
Deal Value 900M USD

Target

Stanley Access Technologies

Farmington, Connecticut, United States
website
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.

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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 18 of 20
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 2
Size (of disclosed) 1 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
2022-11-07 plano

Ilmenau, Germany

plano is a software-as-a-service (SaaS) workforce management solution provider. The company's key aspects include consultation, development of complex software products for client's needs, implementation, parameterization, training courses, software support, and software maintenance. plano is based in Ilmenau, Germany.

Buy -

Seller(S) 1

SELLER

Stanley Black & Decker

New Britain, Connecticut, United States

website

Category Company
Founded 1843
Sector Diversified
Employees53,000
Revenue 14.5B USD (2020)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker dates back to 1843 and is based in New Britain, Connecticut.

DEAL STATS #
Overall 8 of 9
Sector (Business Services) 1 of 1
Type (Divestiture) 8 of 9
State (Connecticut) 3 of 4
Country (United States) 6 of 7
Year (2022) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Stanley Black & Decker s Security Business

New Britain, Connecticut, United States

Stanley Black & Decker's Security Business comprises commercial electronic and healthcare security business lines that provide electronic security solutions with operations in 12 markets globally.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Stanley Black & Decker - Oil & Gas Business

New Britain, Connecticut, United States

Stanley Black & Decker's Oil & Gas business encompasses pipeline services and equipment businesses including CRC-Evans Pipeline International, Pipeline Induction Heat Ltd., and STANLEY Inspection. Stanley Black & Decker's Oil & Gas business is based in New Britain, Connecticut.

Sell -
Mergr

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