Allegion Finalizes Acquisition of Commercial Door Manufacturer QMI
Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has completed, through one
of its subsidiaries, the previously announced acquisition of QMI.
Headquartered in the United Arab Emirates, QMI is one of the Middle East’s largest manufacturers of commercial steel and wood
doors and frames. This product offering is closely aligned with Allegion’s core business and specification capabilities, and it
provides customers with full-door solutions in the Middle East, including options for pre-installed door sets that are code
compliant across multiple markets.
Allegion announced its intent to purchase QMI in November 2017. For more information, see the original press release.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, including, but not limited to, statements that relate to the acquisition’s impact on the Company’s financial and
operational performance, the acquisition’s ability to drive growth and the integration of the acquisition. These forward-looking
statements are based on the Company's current available information and its current assumptions, expectations and projections about
future events. They are subject to future events, risks and uncertainties - many of which are beyond the Company’s
control - as well as potentially inaccurate assumptions, which could cause actual results to differ materially from those
in the forward-looking statements. Further information on these factors and other risks that may affect the Company's business
is included in filings it makes with the Securities and Exchange Commission from time to time, including its Form 10-K for the year
ended Dec. 31, 2016, Form 10-Qs for the quarters ended March 31, 2017, June 30, 2017, and Sept. 30, 2017, and in its other SEC
filings. The Company assumes no obligations to update these forward-looking statements.
About Allegion™
Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®,
Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on
security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other
institutions. Allegion is a $2.2 billion company, with products sold in almost 130 countries.
For more, visit www.allegion.com.
Allegion plc
Media
Maria Pia Tamburri, 317-810-3399
Director, Public Affairs
Maria.Tamburri@allegion.com
or
Analysts
Mike Wagnes, 317-810-3494
Vice President, Treasurer and Investor Relations
Michael.Wagnes@allegion.com
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