M&A Deal Summary

Allegion Acquires AXA Stenman Industries NV

On July 23, 2015, Allegion acquired safety/security company AXA Stenman Industries NV from Rivean Capital for 185M EUR

Acquisition Highlights
  • This is Allegion’s 2nd transaction in the Safety/Security sector.
  • This is Allegion’s 3rd largest (disclosed) transaction.
  • This is Allegion’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2015-07-23
Target AXA Stenman Industries NV
Sector Safety/Security
Buyer(s) Allegion
Sellers(s) Rivean Capital
Deal Type Add-on Acquisition
Deal Value 185M EUR

Target

AXA Stenman Industries NV

Veennendaal, Netherlands
AXA Stenman Industries NV is a manufacturer of safety and security products.

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Buyer(S) 1

Buyer

Allegion

Dublin, Ireland

Category Company
Founded 2013
Sector Safety/Security
Employees14,400
Revenue 3.8B USD (2024)
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 6 of 30
Sector: Safety/Security M&A 2 of 6
Type: Add-on Acquisition M&A Deals 5 of 27
Country: Netherlands M&A 1 of 2
Year: 2015 M&A 4 of 5
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 SimonsVoss Technologies

Unterfoehring, Germany

SimonsVoss Technologies GmbH is an electronic lock company.

Buy €210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Milre Systek Co.

Gyeonggi-do, South Korea

Milre Systek Co., Ltd. is a manufacturer of electronic door locks.

Buy -

Seller(S) 1

SELLER

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 24 of 43
Sector: Safety/Security M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 12
Country: Netherlands M&A 15 of 26
Year: 2015 M&A 4 of 6
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 TenCate Protective Fabrics

Union City, Georgia, United States

TenCate Protective Fabrics designs, develops, manufactures, sources and sells fabrics used by garment makers for high-performance (protective) clothing. The fabrics provide protection against flame, heat, molten metal, chemical and other acids, achieved by strong know-how in blending fibres to incorporate, often patented, functionalities. TenCate Protective Fabrics is based in Union City, Georgia.

Buy €675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 CID LINES N.V.

Ypres, Belgium

CID LINES N.V. is a provider of livestock biosecurity and hygiene solutions. CID LINES N.V. was established in 1988 and is headquartered in Ypres, Belgium.

Sell -