On February 4, 2025, the Company, through its subsidiaries, acquired Next Door Company ("Next Door"), a global provider of security products and solutions based in the United States. Next Door is reported in the Company's Allegion Americas segment.

On March 1, 2025, the Company, through its subsidiaries, acquired Lemaar Pty Ltd ("Lemaar"), a global provider of security products and solutions based in Australia. Lemaar is reported in the Company's Allegion International segment.

On April 2, 2025, the Company, through its subsidiaries, acquired 100% of Trimco Hardware ("Trimco"), a manufacturer of high-performance and custom-designed architectural hardware primarily sold for commercial and institutional markets based in the United States. Trimco is reported in the Company's Allegion Americas segment.

On June 2, 2025, the Company, through its subsidiaries, acquired 100% of Nova Hardware Pty Ltd ("Novas"), an architectural door hardware company based in Australia. Novas is reported in the Company's Allegion International segment.

The aggregate consideration for these acquisitions was approximately $65.0 million (net of cash acquired), including the fair value of contingent consideration, which the Company estimated to be approximately $14.3 million at the various acquisition dates. These acquisitions were accounted for as business combinations and were funded with available cash on hand.

The following table summarizes the preliminary allocation of the aggregate purchase price, which includes initial cash consideration and the estimated fair value of contingent consideration, to assets acquired and liabilities assumed as of the acquisition dates:


In millions
Net working capital	$	7.8
Property, plant and equipment and other noncurrent assets	6.5
Goodwill	36.6
Intangible assets	18.0
Other noncurrent liabilities	(3.9)
Total net assets acquired and liabilities assumed	$	65.0

The valuations of assets acquired and liabilities assumed had not yet been finalized as of June 30, 2025, and finalization of the valuations during the measurement period could result in a change in the amounts recorded. The completion of the valuations will occur no later than one year from the acquisition dates as required by GAAP.

Goodwill results from several factors including Allegion-specific synergies that were excluded from the cash flow projections used in the valuation of intangible assets and intangible assets that do not qualify for separate recognition. The majority of the goodwill related to these acquisitions is not expected to be deductible for tax purposes.

On July 1, 2025, the Company, through its subsidiaries, completed the previously announced acquisition of 100% of ELATEC, including Elatec GmbH and other group entities ("ELATEC"). ELATEC is a manufacturer of security and access technology based in Germany. This acquisition helps the Company expand its global electronics portfolio in attractive end markets while also increasing strategic relationships with channel partners. The closing purchase price of the acquisition was €330.0 million (approximately $389.0 million), subject to customary working capital adjustments. The Company used cash on hand and borrowings under the Revolving Facility to finance the acquisition. ELATEC will be reported in the Company's Allegion International segment.

On July 2, 2025, the Company, through its subsidiaries, acquired 100% of Gatewise Inc. (“Gatewise"), a provider of smart access control solutions in the U.S. multifamily marketplace based in the United States. Gatewise will be reported in the Company's Allegion Americas segment.

On July 7, 2025, the Company, through its subsidiaries, acquired 100% of Waitwhile Inc. (“Waitwhile"), a software-as-a-service provider that specializes in cloud-based appointment scheduling and queue management based in the United States. Waitwhile will be incorporated into the Company's Allegion Americas segment.

On February 1, 2024, the Company, through its subsidiaries, acquired Boss Door Controls, a door solutions provider in the United Kingdom. The Boss Door Controls business has been incorporated into the Company's Allegion International segment.

On March 4, 2024, the Company, through its subsidiaries, acquired Montajes electronicos Dorcas S.L. ("Dorcas"), a manufacturer of electro-mechanical access control solutions based in Spain. The Dorcas business has been incorporated into the Company's Allegion International segment.

On June 3, 2024, the Company, through its subsidiaries, acquired 100% of Krieger Specialty Products, LLC ("Krieger"), a leading manufacturer of high-performance special purpose doors and windows based in the United States. Krieger is reported in the Company's Allegion Americas segment.

On June 10, 2024, the Company, through its subsidiaries, acquired 100% of Unicel Architectural Corp. ("Unicel"), a leading manufacturer of advanced glass, timber and aluminum building solutions based in Canada. Unicel is reported in the Company's Allegion Americas segment.

The aggregate consideration for these acquisitions was approximately $130.1 million (net of cash acquired), including the fair value of contingent consideration, which the Company estimated to be approximately $10.3 million at the various acquisition dates. These acquisitions were accounted for as business combinations and were funded with available cash on hand.

The following table for these 2024 acquisitions summarizes the allocation of the aggregate purchase price, which includes cash consideration and the estimated fair value of contingent consideration, to assets acquired and liabilities assumed as of the acquisition dates:


In millions
Net working capital	$	7.3
Property, plant and equipment	3.0
Goodwill	62.5
Intangible assets	68.4
Other noncurrent liabilities	(11.1)
Total net assets acquired and liabilities assumed	$	130.1


In millions	Value (in millions)		Weighted Average Useful life (in years)
Completed technologies/patents	$	14.3	15
Customer relationships	28.5		16
Trade names (finite-lived)	15.3		15
Backlog revenue	10.3		1