Jul. 2 at 3:44 PM
$ALLE expands with €330 million (approximately
$379.1 million) ELATEC acquisition! 🚀
This strategic buyout boosts Allegion’s global electronics portfolio, enhancing their RFID capabilities in non-residential markets like education and healthcare. ALLE aims for €60-€65M net sales from ELATEC by 2026, plus a positive EPS impact.
Discover more on this growth move here 👉 https://www.zacks.com/commentary/2560596/allegion-boosts-product-portfolio-with-the-acquisition-of-elatec?cid=sm-stocktwits-2-2560596-body-654&ADID=SYND_STOCKTWITS_TWEET_2_2560596_BODY_654