Allegion, a leading global provider of security products, has acquired UAP Group Limited (UAP), a prominent security solutions company based in the UK.
Founded in 1996, UAP specializes in residential door hardware and holds nearly 200 patents, trademarks, and registered designs, which has given it a strong reputation for innovation.
The acquisition will strengthen Allegion’s presence in the UK and will complement the company’s existing non-residential portfolio in the region. UAP will report into Allegion’s International segment, and the combined businesses will offer expanded solutions to their customers.
The terms of the transaction were not disclosed.
KEY QUOTES:
“This is a natural extension of Allegion’s core mechanical portfolio with highly specifiable products that will leverage our existing solutions offerings and capabilities. Through our go-to-market alignment, complementary channels and sales expertise, we’ll fuel additional growth for both UAP and Allegion.”
Tim Eckersley, Allegion senior vice president and president of Allegion International
“Bringing together UAP and Allegion adds great value for our joint distribution and customer base. We’re broadening our high-quality portfolios and creating meaningful opportunities to innovate together.”
David Jennings, CEO of UAP – who will join Allegion to facilitate a smooth transition and support accelerated growth for the combined organizations
