
12/06/2025
Huge news in the access control space as Allegion reaches an agreement to acquire security and access technology manufacturer ELATEC Inc. for $382 million. “Adding ELATEC to the Allegion portfolio is a unique opportunity to scale our electronics business in attractive non-residential markets with technology that’s core to who we are as a pureplay security and access solutions provider,” said Allegion President and CEO John Stone.
DUBLIN—Allegion, a global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities,