Allegion Boosts Product Portfolio With the Acquisition of ELATEC

Allegion plc ALLE recently completed the acquisition of ELATEC, including Elatec GmbH and other group entities (ELATEC), from Summit Partners through one of its subsidiaries for €330 million (approximately $379.1 million) on a cash and debt-free basis.Headquartered in Germany, ELATEC provides security and access technology worldwide. It specializes in RFID credentials and reader solutions. The company’s reader portfolio, built on its proprietary software, supports nearly 100 credential types.ALLE’s Acquisition RationaleThe latest buyout is in sync with ALLE’s policy of acquiring businesses to expand its market share and customer base. The inclusion of ELATEC’s expertise in RFID reader and credential solutions will enable Allegion to expand its global electronics portfolio in non-residential markets such as education, healthcare, hospitality, enterprise and industrial. Also, ELATEC’s strong global footprint will help ALLE to strengthen its collaboration with the channel partners.ELATEC will be incorporated into the Allegion International segment and led by its senior vice president, Tim Eckersley. The company expects ELATEC to generate net sales of approximately €60-€65 million (approximately $69-$75 million) in 2026 and positively impact the adjusted earnings per share in the same year.Other Notable Acquisitions of ALLEIn June 2025, ALLE acquired Novas to boost its door hardware portfolio. Novas has been incorporated into the Allegion International segment. In April 2025, the company acquired Trimco Hardware (Trimco), along with its brands and various assets, through one of its subsidiaries. The inclusion of Trimco’s expertise in specialty solutions, coupled with its strong innovation capabilities, enabled Allegion to boost its door and frame portfolio within the Allegion Americas segment. ALLE acquired Lemaar Pty Ltd (Lemaar) in March 2025. This acquisition boosted its security and accessibility portfolio in Australia. The acquired company has been incorporated into the Allegion International segment. In February 2025, Allegion acquired Next Door Company, which expanded its doors and frames portfolio. Next Door has been incorporated into the Allegion Americas segment.Allegion’s Zacks Rank and Price PerformanceAllegion is benefiting from strength in the Allegion Americas segment, driven by an increase in demand for non-residential products across end markets like education, hospitality and retail. Growing awareness about the security and safety of people and infrastructure across the world is driving the International segment.ALLE currently carries a Zacks Rank #2 (Buy). In the year-to-date period, the stock has gained 13% compared with the industry’s 7.7% growth.Image Source: Zacks Investment ResearchOther Stocks to ConsiderSome other top-ranked companies are discussed below:Resideo Technologies, Inc. REZI presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The company delivered a trailing four-quarter average earnings surprise of 33.9%. In the past 60 days, the consensus estimate for REZI’s 2025 earnings has increased 36.4%.Life360, Inc. LIF currently sports a Zacks Rank of 1. LIF delivered a trailing four-quarter average earnings surprise of 425%.In the past 60 days, the Zacks Consensus Estimate for Life360’s 2025 earnings has increased 20%.Alarm.com Holdings, Inc. ALRM presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 15.7%.The Zacks Consensus Estimate for ALRM’s 2025 earnings has increased 0.9% in the past 60 days.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allegion PLC (ALLE): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report Resideo Technologies, Inc. (REZI): Free Stock Analysis Report Life360, Inc. (LIF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks