Allegion (ALLE) Buys Dorcas, Strengthens Product Offerings
ALLEAllegion(ALLE) Zacks Investment Research·2024-03-06 03:01

Allegion plc (ALLE) recently completed the acquisition of electro-mechanical access control solutions provider — Montajes electronics Dorcas S.L. (“Dorcas”). The financial terms of the transaction were kept under wraps. 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 pr ...