Allegion

Smart Lock Market size worth $ 7.13 Billion, Globally, by 2030 at 13.71% CAGR: Verified Market Research®

Retrieved on: 
Wednesday, August 24, 2022

JERSEY CITY, N.J., Aug. 24, 2022 Verified Market Research recently published a report, " Smart Lock Market " By Type (Deadbolts, Lever Handles, Padlocks, and Others), By Communication Protocol (Bluetooth, Wi-Fi, and Others), By Vertical (Commercial, Residential, Institution & Government, Industrial, and Others), and By Geography.

Key Points: 
  • JERSEY CITY, N.J., Aug. 24, 2022 Verified Market Research recently published a report, " Smart Lock Market " By Type (Deadbolts, Lever Handles, Padlocks, and Others), By Communication Protocol (Bluetooth, Wi-Fi, and Others), By Vertical (Commercial, Residential, Institution & Government, Industrial, and Others), and By Geography.
  • According to Verified Market Research, the Smart Lock Market size was valued at USD 2.55 Billion in 2021 and is projected to reach USD 7.13 Billion by 2030, growing at a CAGR of 13.71% from 2022 to 2030.
  • The increasing need for high performance Integrated Circuits is a major factor in the growth of the global smart lock market.
  • Verified Market Research has segmented the Global Smart Lock Market On the basis of Type, Communication Protocol, Vertical, and Geography.

The Worldwide Industrial Access Control Industry is Projected to Reach $4.8 Billion by 2027

Retrieved on: 
Friday, July 8, 2022

The Global Industrial Access Control Market is estimated to be USD 3.45 Bn in 2022 and is projected to reach USD 4.81 Bn by 2027, growing at a CAGR of 6.86%.

Key Points: 
  • The Global Industrial Access Control Market is estimated to be USD 3.45 Bn in 2022 and is projected to reach USD 4.81 Bn by 2027, growing at a CAGR of 6.86%.
  • Market dynamics are forces that impact the prices and behaviors of the Global Industrial Access Control Market stakeholders.
  • The report presents a detailed Ansoff matrix analysis for the Global Industrial Access Control Market.
  • The report offers a comprehensive evaluation of the Global Industrial Access Control Market.

Allegion Completes Acquisition of Stanley Black & Decker’s Access Technologies Business

Retrieved on: 
Tuesday, July 5, 2022

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has, through its subsidiaries, completed the previously announced acquisition of Stanley Access Technologies LLC (Access Technologies) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million in cash.

Key Points: 
  • Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has, through its subsidiaries, completed the previously announced acquisition of Stanley Access Technologies LLC (Access Technologies) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million in cash.
  • This acquisition bolsters Allegions seamless access strategy with a category market leader, while growing the Allegion Americas core business through adjacent automatic entrance products and installation and maintenance services, said David D. Petratis, Allegion chairman, president and CEO.
  • In addition, the Allegion team is proud to welcome Access Technologies dedicated employees, who bring immense talent and expertise in safety, security and service.
  • Allegion announced its intent to purchase the Access Technologies business on April 22, 2022.

Allegion Schedules Conference Call, Webcast to Announce 2022 Second-Quarter Results

Retrieved on: 
Thursday, June 30, 2022

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, will release its 2022 second-quarter financial results on Thursday, July 28, 2022, before the market opens.

Key Points: 
  • Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, will release its 2022 second-quarter financial results on Thursday, July 28, 2022, before the market opens.
  • A real-time, listen-only webcast of the conference call will be broadcast live, through the company's website at https://investor.allegion.com/ .
  • The conference call may be accessed by dialing 877-883-0383 in the United States or 412-902-6506 internationally and entering Conference ID 6124462.
  • *As previously announced , John H. Stone will succeed Petratis as Allegion plc president and CEO, effective July 11, 2022.

Global Industry Analysts Predicts the World Industrial Access Control Market to Reach $1.4 Billion by 2026

Retrieved on: 
Monday, June 27, 2022

SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Access Control - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Access Control - Global Market Trajectory & Analytics" .
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • Preview Registry
    Amid the COVID-19 crisis, the global market for Industrial Access Control estimated at US$927.4 Million, is projected to reach a revised size of US$1.4 Billion by 2026, growing at a CAGR of 7% over the analysis period.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Global Smart Lock Market (2022 to 2027) - Growing Potential of IoT based Intelligent Security Systems Presents Opportunities

Retrieved on: 
Tuesday, June 21, 2022

The Global Smart Lock Market is estimated to be USD 2.4 Bn in 2022 and is projected to reach USD 4.05 Bn by 2027, growing at a CAGR of 11.01%.

Key Points: 
  • The Global Smart Lock Market is estimated to be USD 2.4 Bn in 2022 and is projected to reach USD 4.05 Bn by 2027, growing at a CAGR of 11.01%.
  • Market dynamics are forces that impact the prices and behaviors of the Global Smart Lock Market stakeholders.
  • The report presents a detailed Ansoff matrix analysis for the Global Smart Lock Market.
  • The report analyses the Global Smart Lock Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Allegion Announces Pricing of $600 Million of Senior Notes

Retrieved on: 
Tuesday, June 7, 2022

Allegion plc (NYSE: ALLE) (Allegion or the company), a leading global provider of security products and solutions, today announced that it priced its previously announced offering by its subsidiary, Allegion US Holding Company Inc. (Allegion US Holding), of $600 million aggregate principal amount of 5.411% senior notes due 2032 (the notes).

Key Points: 
  • Allegion plc (NYSE: ALLE) (Allegion or the company), a leading global provider of security products and solutions, today announced that it priced its previously announced offering by its subsidiary, Allegion US Holding Company Inc. (Allegion US Holding), of $600 million aggregate principal amount of 5.411% senior notes due 2032 (the notes).
  • The notes will be guaranteed upon their issuance by Allegion.
  • Allegion is pleased to have obtained this financing ahead of our anticipated third-quarter closing of the Access Technologies business acquisition, said Allegion Senior Vice President and Chief Financial Officer Mike Wagnes.
  • Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA, Interflex, LCN, Schlage, SimonsVoss and Von Duprin.

Allegion Proposes Public Offering of Senior Notes

Retrieved on: 
Tuesday, June 7, 2022

Allegion plc (NYSE: ALLE) (Allegion or the company), a leading global provider of security products and solutions, has proposed a registered public offering of senior notes by its subsidiary, Allegion US Holding Company Inc. (Allegion US Holding), subject to market and other conditions.

Key Points: 
  • Allegion plc (NYSE: ALLE) (Allegion or the company), a leading global provider of security products and solutions, has proposed a registered public offering of senior notes by its subsidiary, Allegion US Holding Company Inc. (Allegion US Holding), subject to market and other conditions.
  • The senior notes are expected to be issued by Allegion US Holding and will be guaranteed upon their issuance by Allegion.
  • In the event that the transaction does not close as contemplated, Allegion intends to use the net proceeds of the offering for general corporate purposes, including repayment of outstanding indebtedness.
  • Allegion has filed an effective registration statement with the U.S. Securities and Exchange Commission (SEC) for the offering and encourages investors to read it (including the accompanying prospectus, the related prospectus supplement and the information incorporated by reference therein) for more complete information about Allegion and the offering.

Allegion Announces CEO Succession

Retrieved on: 
Tuesday, May 31, 2022

Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today announced that John H. Stone will succeed David D. Petratis as president and CEO, effective July 11, 2022.

Key Points: 
  • Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today announced that John H. Stone will succeed David D. Petratis as president and CEO, effective July 11, 2022.
  • Leading Allegion has been a privilege and one of the most rewarding experiences of my professional career, said Petratis.
  • Today, Allegion has the right talent and the right strategy to successfully execute on its vision of seamless access and a safer world.
  • Hachigian continued, Allegions leadership succession plan enables a smooth transition of the CEO role.

Network Wireless Solutions (NWS) Expands Its Senior Team

Retrieved on: 
Thursday, May 5, 2022

DURHAM, N.C. , May 5, 2022 /PRNewswire/ -- Network Wireless Solutions, LLC ("NWS" or the "Company"), a rapidly growing solutions and logistics provider to carriers and telecommunications contractors, announced this week several advancements within its team, including the creation of two new executive positions intended to accelerate the Company's growth and increase the scale of its operations. 

Key Points: 
  • Xavier Williams, NWS Chief Executive Officer stated, "continually optimizing NWS' operations enables our efforts to serve customers in the Wireless and Broadband industries to the best of our abilities.
  • We are proud of the successes we have had to date, and we look forward to even further growth led by this talented team."
  • Mr. Elkin brings more than 23 years of experience as a senior financial and operations executive in the domestic and international manufacturing, distribution, and logistics industries.
  • Since 2012, NWS has provided a wide array of mission-critical services to the wireless telecommunications industry.