Allegion (ALLE) Buys Dorcas, Strengthens Product Offerings [Yahoo! Finance]
Allegion plc Ordinary Shares (ALLE)
Last allegion plc ordinary shares earnings: 4/23 05:50 am
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Source: Yahoo! Finance
Allegion's shares inched up 1.6% yesterday to eventually close the trading session at $128.79. Headquartered in Siete Aguas, Spain, Dorcas specializes in manufacturing electro-mechanical and electro-magnetic locks, electric strikes, complementary access control solutions and door control products. The company's access control solutions are used by a strong customer base, particularly in European markets. Acquisition Rationale The latest buyout is in sync with Allegion's policy of acquiring businesses to expand its market share and customer base. The inclusion of Dorcas' expertise in electric strikes and lock solutions, coupled with its strong innovation capabilities, will enable Allegion to boost its security products portfolio. It will help ALLE expand its presence in lucrative end markets like healthcare and education. Dorcas will be incorporated into Allegion's international segment and will be led by its senior vice president, Tim Eckersley. Acquisitions are an essentia
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ALLE
News
- Allegion plc (NYSE:ALLE) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
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- Allegion (ALLE) Q1 Earnings Top Estimates, Sales Down Y/Y [Yahoo! Finance]Yahoo! Finance
- Allegion First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Allegion (ALLE) Q1 Earnings Surpass Estimates [Yahoo! Finance]Yahoo! Finance
ALLE
Earnings
- 4/25/24 - Beat
ALLE
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/19/24 - Form ARS
- ALLE's page on the SEC website