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Irish-American security company From Wikipedia, the free encyclopedia
Allegion plc is an American Irish-domiciled provider of security products for homes and businesses.
| |
| Company type | Public |
|---|---|
| ISIN | IE00BFRT3W74 |
| Industry | Security, Access control |
| Founded | 1908 |
| Headquarters | , Ireland |
| Revenue |  US$3.27 Billion[1] (2022) |
| US$0.159 Billion[1] (2022) | |
 US$0.458 Billion[1] (2022) | |
| Total assets | US$3.991 Billion[1] (2022) |
| Total equity | US$0.944 Billion[1] (2022) |
Number of employees | 12,000[2] (2022) |
| Website | allegion |
| Footnotes / references [3] | |
Though it comprises thirty-one global brands, including CISA, Interflex, LCN, Schlage and Von Duprin, the company operates through two main sections: Allegion International and Allegion Americas.[4] The company employs around 12,000 people,[2] sells its products in more than 130 countries across the world and in 2022 generated revenues of US$3.27 billion.[1]
Allegion spun off from Ingersoll Rand Plc on 1 December 2013, and became a standalone, publicly traded company. This placed Allegion on the S&P 500, where it replaced JC Penney.[6]
David D. Petratis was announced chairman of the board, chief executive officer and president of the company, in August 2013.[7] As of 2022, John H. Stone became the president and chief executive officer of the company. Petratis remains the chairman of the board until Jan 2, 2023.[8]
The company is managed by President and CEO, John H. Stone. Prior to his appointment as CEO of Allegion, Stone held the position of President within Deere & Company’s Worldwide Construction, Forestry and Power Systems business.[10]
Stone is responsible for the strategic direction of the company alongside an Executive Team comprising 10 members.
Allegion is headquartered in Dublin, Ireland. Its regional offices for the Americas are in Carmel, Indiana, United States. Its European regional offices are in Faenza, Italy, and the company's Asian headquarters are in Tower B of City Center of Shanghai in Shanghai, China.[11]
Production facilities are located in Colombia, Mexico, Europe, the Middle East, Australasia, the U.S. and New Zealand.[12]
As of 2017, Allegion shares are mainly held by institutional investors (T. Rowe Price, Vanguard Group, JPMorgan Chase and others).[13]
In March 2018, the company launched the venture capital fund, Allegion Ventures. The aim is to invest in early stage companies in the sectors security and smart access. The initial funding was $50 million.[14] The following companies are part of the Allegion Ventures Programme:[15]
Allegion manufactures and supplies electronic (including biometric) and mechanical security products to a range of end-users worldwide, including government, healthcare, hospitality, education, commercial, institutional, single and multi-family residential markets.[4][5]
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