Allegion (ALLE), through one of its subsidiaries, has acquired Brisant Secure. Founded in 2011 and based in Dewsbury, UK, Brisant sells a range of residential security solutions, including mechanical and electronic locks as well as door accessories. Its Ultion brand is renowned for premium high-security lock cylinders and key systems. Brisant will report into the Allegion International segment. Terms of the transaction were not disclosed.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALLE:
- Allegion acquires U.K. security solutions provider UAP, terms not disclosed
- Sarepta upgraded, Tapestry downgraded: Wall Street’s top analyst calls
- Allegion upgraded to Neutral at BofA on strong execution
- Allegion upgraded to Neutral from Underperform at BofA
- Allegion price target raised to $155 from $145 at Mizuho