Allegion (ALLE), through one of its subsidiaries, has acquired privately owned Gatewise Incorporated, a provider of smart access control solutions in the U.S. multifamily marketplace. Gatewise offers a software-as-a-service gate entry system for multifamily communities. Allegion president and CEO John Stone stated the acquisition strengthens Allegion’s position in smart, secure, and scalable access solutions. Gatewise CEO Amit Sherman will join Allegion. Terms of the transaction were not disclosed.
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