Allegion, (formerly Ingersoll Rand) has acquired Australian electromechanical locking provider Fire & Security Hardware (FSH). The transaction strengthens Allegion's presence in the Australian security market while bringing innovative electro-mechanical technologies that can be applied globally.
The acquisition of the privately-owned company, which distributes its products primarily through wholesale and systems integrator channels, gives Allegion ownership of the FSH brand and product portfolio, which includes a number of innovative patent-protected electric strikes and latches.
"Allegion's acquisition of FSH strengthens our position in Australia and adds new electronic technologies that will integrate well with our global product lines,” said Dave Petratis, chairman, president and CEO of Allegion. It's a great example of the innovative and opportunistic acquisitions we said we'd complete at our investor day in March."