Add-on Acquisition • Safety/Security

Allegion Acquires Novas

On June 3, 2025, Allegion acquired safety/security company Novas

Acquisition Context
  • This is Allegion’s 5th transaction in the Safety/Security sector.
  • This is Allegion’s 5th transaction in Australia.

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M&A Deal Summary

Date June 3, 2025
Target Novas
Sector Safety/Security
Buyer(s) Allegion
Deal Type Add-on Acquisition

Target Company

Novas

Melbourne, Australia
Novas designs and sells mechanical and electronic locks, door closers and seals, hinges, pulls, and levers, as well as master keying solutions. Novas was founded in 1996 and is based in Melbourne, Australia.
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Buyer Overview 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 Context for Buyer #
Overall 26 of 30
Sector: Safety/Security 5 of 6
Type: Add-on Acquisition 23 of 27
Country: Australia 5 of 5
Year: 2025 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Trimco

Oceanside, California, United States

Trimco is a North American manufacturer of high-performance and custom-designed door hardware primarily sold in the U.S. for commercial and institutional markets. The company is known for designing Healthy Hardware with healthcare, education and restaurant environments specifically in mind, as well as Identity Hardware intended for branded doorway applications. Trimco is based in Oceanside, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-12 Elatec

Puchheim, Germany

Elatec is a provider in the development and global sales of contactless (RFID, NFC, Bluetooth) and contact (SmartCard) readers/writers. It modules enable the clear identification of individual users on end devices and are used across a broad range of numerous applications and solutions, such as secure printing, elevator systems, fitness devices, industrial production, kiosk, physical access, and point-of-sale systems. Elatec was founded in 1988 and is based in Puchheim, Germany.

Buy €330M