Allegion Company Overview
What is the Stock Ticker for Allegion?
The stock ticker for Allegion is ALLE.
Where is the Allegion headquarters?
Allegion's headquarters is located in Dublin, Ireland.
What Does Allegion Do?
Allegion is a global security products and solutions company that specializes in creating access control systems, door hardware, and electronic security solutions for commercial and residential customers. They aim to provide innovative and reliable security solutions that help people feel safe and secure in their homes and workplaces.
How Does Allegion Make Money?
Allegion is a global security products and solutions provider that makes money through the sale of its products and services. The company offers a wide range of security solutions, including locks, door closers, exit devices, electronic access control systems, and biometric solutions.
Allegion generates revenue through the sale of its products to various end markets, including commercial, institutional, and residential customers. The company's products are sold through a network of distributors, dealers, and retailers, as well as directly to end-users.
In addition to its product sales, Allegion also generates revenue through its service offerings, which include installation, maintenance, and repair services. These services are provided to customers who have purchased Allegion's products and are designed to ensure that the products continue to function properly over time.
Allegion also generates revenue through its technology and innovation initiatives. The company invests heavily in research and development to create new and innovative security solutions that meet the evolving needs of its customers. These solutions are often patented and licensed to other companies, generating additional revenue streams for Allegion.
Overall, Allegion's revenue is primarily generated through the sale of its security products and services, with additional revenue streams coming from its technology and innovation initiatives.
Who Founded Allegion?
Allegion was founded by a group of investors led by Ingersoll Rand in 2013.
What is the History of Allegion?
Allegion is a global security products company that was founded in 1908 as the Russwin Lock Company in Connecticut, USA. The company was later acquired by Ingersoll Rand in 1997 and became part of their security technologies division. In 2013, Allegion was spun off as an independent company and became publicly traded on the New York Stock Exchange.
Since its inception, Allegion has been focused on providing innovative security solutions for homes, businesses, and institutions. The company has a long history of developing and manufacturing high-quality locks, door hardware, and access control systems. Today, Allegion operates in more than 130 countries and has over 11,000 employees worldwide.
Over the years, Allegion has grown through a combination of organic growth and strategic acquisitions. Some of the company's notable acquisitions include the purchase of Schlage Lock Company in 1927, Von Duprin in 1970, and LCN Closers in 1994. These acquisitions have helped Allegion expand its product offerings and strengthen its position as a leader in the security industry.
Today, Allegion continues to innovate and develop new products to meet the evolving needs of its customers. The company is committed to providing reliable, secure, and convenient solutions that help people feel safe and secure in their homes and workplaces.
What Industry is Allegion In?
Allegion is in the security and safety solutions industry.
What Are Allegion's Competitive Advantages?
1. Strong brand recognition: Allegion is a well-known brand in the security industry, with a reputation for high-quality products and services.
2. Diverse product portfolio: The company offers a wide range of security solutions, including locks, access control systems, door closers, and more. This allows Allegion to cater to a variety of customer needs and preferences.
3. Innovation: Allegion invests heavily in research and development, constantly introducing new and innovative products to the market. This helps the company stay ahead of its competitors and maintain its competitive edge.
4. Global presence: Allegion operates in over 130 countries, giving it a significant global footprint. This allows the company to tap into new markets and expand its customer base.
5. Strong distribution network: Allegion has a well-established distribution network, with partnerships and agreements with a variety of distributors and retailers. This helps the company reach customers in different regions and markets.
What Are Allegion's Competitive Threats?
Some competitive threats to Allegion include:
1. Other established players in the security and safety industry, such as Assa Abloy and Honeywell.
2. New entrants in the market who may offer innovative products or services that could disrupt Allegion's market share.
3. Technological advancements that could render Allegion's current products or services obsolete.
4. Economic downturns that could lead to decreased demand for security and safety products.
5. Changes in regulations or standards that could impact Allegion's ability to operate or compete effectively.
Who Are Some of the Competitors of Allegion?
Some of the competitors of Allegion include Assa Abloy, Dormakaba, Stanley Black & Decker, Honeywell International, and Johnson Controls.
What Are Some of Allegion's Products and Services?
Some notable products and services from Allegion include:
1. Schlage: A brand of door locks and hardware, including electronic and smart locks.
2. Von Duprin: A brand of exit devices and door controls for commercial buildings.
3. LCN: A brand of door closers for commercial and institutional applications.
4. ISONAS: A brand of access control systems that use Bluetooth technology.
5. Steelcraft: A brand of doors and frames for commercial and institutional buildings.
6. Zero International: A brand of door and window sealing systems for soundproofing and weatherproofing.
7. Briton: A brand of door hardware and accessories for the European market.
8. Falcon: A brand of door locks and hardware for commercial and institutional buildings.
9. Glynn-Johnson: A brand of door holders and stops for commercial and institutional buildings.
10. aptiQ: A brand of access control systems that use RFID technology.
Has Allegion Acquired any Companies?
Yes, Allegion has made several notable acquisitions, including SimonsVoss Technologies AG, a leading provider of electronic locking systems, and Republic Doors & Frames, a manufacturer of commercial steel doors and frames. They have also acquired Schlage Lock Company, a provider of security solutions for residential and commercial applications.