MRO Magazine

Allegion Finalizes Acquisition of Milre Systek


August 3, 2015
By Business Wire News

DUBLIN

Allegion, plc (NYSE: ALLE), a leading global security products and solutions provider, has, through one of its subsidiaries, completed the previously announced acquisition of Milre Systek Co., Ltd.

Milre is a leading security solutions manufacturer in South Korea, focused on producing high-quality and innovative electronic door locks. The Milre suite of products – sold across both retail and commercial distribution channels – includes mortise, rim and locker locks.

Allegion announced its intent to purchase Milre in July. For more information, see the original press release.

About Allegion™

Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion is a $2 billion company, with products sold in almost 130 countries.

For more, visit www.allegion.com.

Allegion plc
Maria Pia Tamburri – Director, Public Affairs, 317-810-3399
Maria.Tamburri@allegion.com