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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150803005154/en/
Allegion plc
Maria Pia Tamburri – Director, Public Affairs, 317-810-3399
Maria.Tamburri@allegion.com