allegion

TRANSACTION OVERVIEW

  • On October 1, 2015, Allegion (NYSE: ALLE), a leading global security products and solutions provider, agreed to acquire SimonsVoss Technologies GmbH from HgCapital for €210 million
  • This transaction will further develop Allegion’s electronic access controls business in Europe, which adds leading engineering and technical expertise and solidifies its global leadership in electro-mechanical convergence
  • Allegion’s demand creation and global distribution capabilities will benefit the SimonsVoss brand and accelerate international development

SIMONSVOSS OVERVIEW

  • SimonsVoss, headquartered in Munich, Germany, is an electronic lock company with a leading position in the growing European electronic market segment
  • The company’s comprehensive suite of solutions for electronic access control is sold globally. As a strong brand that’s well-known for innovation, SimonsVoss brings a legacy of global experts and technical expertise in the safety and security business
  • SimonsVoss generated sales of approximately €52 million in 2014 and has approximately 275 employees

GCA’S ROLE

  • GCA served as the exclusive financial advisor to Allegion in the acquisition of SimonsVoss and helped the company in structuring, analyzing and negotiating the terms of the transaction
  • GCA supported Allegion’s management team in managing an accelerated M&A process. GCA was able to secure and sign a definitive agreement with Allegion in one month’s time
  • The transaction highlights GCA’s in-depth knowledge of the building technology and automation sectors and our ability to organize and manage client driven solutions

WHAT THE TRANSACTION MEANS FOR THE BUILDING AUTOMATION SECTOR

  • The acquisition of SimonsVoss will solidify Allegion’s global leadership position in electro-mechanical convergence
  • More broadly, the transaction highlights the strong interest of U.S. corporates to acquire German technology companies and is emblematic of the continuing trend of digital technology permeating industrial sectors, resulting in disruptive change, enabling more efficient processes and creating new opportunities for growth