ALLEGION ACQUISITION OPENS THE DOOR TO GWA BUSINESS

By NZHJ May 23, 2018 Industry news

Allegion to buy GWA Group’s Door & Access Systems business including Gainsborough and API Locksmiths.

Allegion has agreed to pay AU$107 million for GWA Group’s Door & Access Systems business which includes Australian brands Gainsborough Hardware and API Locksmiths.

“This strategic acquisition bolsters Allegion’s presence in Australia and significantly increases our scale in the Asia-Pacific region as a whole,” says David D Petratis, Allegion’s President, Chairman and CEO.

GWA Door & Access Systems will operate in Allegion’s Asia-Pacific region and generated sales of approximately AU$ 95 million for calendar year 2017.

“The Door & Access Systems Business is strong, and we believe Allegion can maximise its potential,” says Tim Salt, GWA Managing Director.

“Allegion’s global scale, innovative technologies and supply chain capabilities will enable both Gainsborough and API to further enhance their offerings to customers.”

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