Allegion Finalises Acquisition of Australian Residential Door Hardware Leader Gainsborough and API Locksmiths
- Written by: Eli Grynberg
Global industry leader commits to Australian market by strengthening its ability to provide comprehensive solutions to local customers
MELBOURNE, AUSTRALIA (July 10, 2018) – Allegion, plc, a leading global security products and solutions provider whose brands include Brio, FSH, Legge and Schlage, today completed the acquisition of GWA Group Limited’s Door and Access Systems business in Australia.
GWA’s Door and Access Systems business includes renowned Australian brands Gainsborough hardware, Austral locks and API locksmiths.
“We are proud to bring these iconic Australian brands into the Allegion family,” said Jeff Wood, senior vice president and president of Allegion’s Asia-Pacific region. “This partnership allows us to continue pioneering safety and security in Australia and across the Asia-Pacific region.
“Together, we want to go to the next level with Gainsborough and API. Through Allegion’s global scale, innovative technologies and supply chain capabilities, we will further enhance the offerings to our Australian customers.”
Gainsborough is the market-leading residential door hardware brand in Australia, with a portfolio that includes the country’s top entrance door lock, Trilock. API Locksmiths is the commercial market leader for keying, installation and access control services across the country.
Wayne Pannell, South Asia vice president said, “Allegion is committed to investing in the future of safety and security in Australia. Over the past five years, we have continued to develop innovative technologies and bring new products to market. With the addition of Gainsborough, Austral and API, we are excited by what the future will bring.”
The Door and Access business generated sales of approximately AUD 95 million for calendar year 2017, with 300 employees operating from nine sites around Australia. The business will operate in Allegion’s Asia-Pacific region. Allegion announced its intent to purchase GWA Group Limited’s Door and Access Systems business in May this year.
About Allegion™
Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® 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 $2.4 billion company, with products sold in almost 130 countries.
For more, visit www.allegion.com
