Allegion plc has announced its acquisition of Access Technologies for $900 million in cash, a strategic move expected to finalize by Q3 2022. The company anticipates reporting $723 million in revenue for Q1 2022, reflecting a stable growth trajectory, supported by strong demand in non-residential markets. Despite a recent 9.3% decline in shares over the past three months, Allegion's stock has risen by 3.53% as it secures financing for the deal with fully committed support from Goldman Sachs & Co. LLC.
“Allegion plc · has risen · percentage · 3.53%”
“Allegion plc · reported that it would acquire · Access Technologies”
“Allegion plc · purchase is expected to be completed by · Q3 2022”
“Allegion plc · anticipates revenue of · $723 million”
“Allegion plc · was held by · 34 hedge funds · as of Q4 2021”
“Allegion plc · has risen · 3.53% · as of 12:17 PM ET”
“Allegion plc · reported that it would acquire · Access Technologies · for $900 million in cash”
“Allegion plc · had a top line of · $340 million · during 2021”
“Allegion plc · is expected to report · its Q1 2022 results · on April 26”
“Allegion plc · is scheduled to release · first-quarter 2022 results · Apr 26, before market open”
“Allegion · delivered better-than-expected results in · the last four quarters · 11.64%”
“Allegion · fourth-quarter 2021 adjusted earnings · per share · $1.11”
