- Allegion (NYSE:ALLE) agreed to acquire Qatar Metal Industries through one of its subsidiaries for an undisclosed term.
- The transaction is expected to close in Q1 2018..
- “In EMEIA, we continue to expand through a focus on creating the best possible customer experience with a full suite of security solutions and services,” said Lucia Veiga Moretti, Allegion senior vice president and president of EMEIA. “With QMI, we’re further expanding our code-compliant products to include doors in the Middle Eastern market, while leveraging the strength of our existing specification writing capabilities and adding strong relationships across new build and aftermarket environments. All of this supports our strategy to accelerate Allegion’s growth in this fast growing region and EMEIA as a whole.”
- The business will operate in Allegion’s EMEIA region.
- Press Release
- Now read: Tracking Al Gore's Generation Investment Management Portfolio - Q3 2017 Update
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