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Acquisitions
 9 Months Ended
Sep. 30, 2026
Business Combination [Abstract]  
Acquisitions ACQUISITIONS
2026
The following are acquisitions made in 2026:
DCI
On March 2, 2026, the Company, through its subsidiaries, acquired 100% of Door Components, Inc. (“DCI”), a manufacturer of custom, quick ship hollow metal doors and frames for industrial, commercial and institutional markets based in the United States. DCI is reported in the Company’s Allegion Americas segment. The purchase consideration, net of cash acquired, was approximately $69.3 million. This acquisition was accounted for as a business combination and was funded with available cash on hand and borrowings under the Revolving Facility.
Overly
On October 2, 2026, the Company, through its subsidiaries, acquired 100% of Overly Door Company (“Overly”), a manufacturer of custom and pre-engineered doors for acoustic, blast, bullet-resistant and vault security based in the United States. Overly will be reported in the Company’s Allegion Americas segment. The purchase consideration was approximately $88.7 million. This acquisition was funded with available cash on hand and borrowings under the Revolving Facility.
As the initial accounting for the Overly acquisition is incomplete, the Company has not provided the aggregate preliminary purchase price allocation for these 2026 acquisitions.
2025
The following are acquisitions made during the nine months ended September 30, 2025:
Next Door
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.
Lemaar
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.
Trimco
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.
Novas
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.
ELATEC
On July 1, 2025, the Company, through its subsidiaries, acquired 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 purchase price of the acquisition was €327.9 million (approximately $386.5 million). The Company used cash on hand and borrowings under the Revolving Facility to finance the acquisition. ELATEC is reported in the Company's Allegion International segment.
Gatewise
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 is reported in the Company's Allegion Americas segment.
Waitwhile
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 is reported in the Company's Allegion Americas segment.
UAP
On August 1, 2025, the Company, through its subsidiaries, acquired 100% of UAP Group Limited (“UAP"), a security solutions provider based in the United Kingdom. UAP is reported in the Company's Allegion International segment.
Brisant
On August 12, 2025, the Company, through its subsidiaries, acquired 100% of Brisant Secure Limited (“Brisant"), a security hardware provider based in the United Kingdom. Brisant is reported in the Company's Allegion International segment.
The aggregate purchase consideration for these 2025 acquisitions, net of cash acquired, was approximately $623.8 million. This includes an acquisition-date fair value of $30.3 million for earnout contingent consideration, a portion of which has been settled, while the remainder becomes payable at certain dates through 2028 if certain conditions are achieved. These acquisitions were accounted for as business combinations and were funded with available cash on hand and borrowings under the Revolving Facility.
The following table summarizes the allocation of the aggregate purchase consideration for these 2025 acquisitions, 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$36.1 
Property, plant and equipment and other noncurrent assets
25.3 
Goodwill374.6 
Intangible assets279.4 
Deferred tax liabilities related to acquired intangible assets
(70.6)
Other noncurrent liabilities(21.0)
Total net assets acquired and liabilities assumed$623.8 
Intangible assets recognized as of the acquisition dates were comprised of the following:
In millionsValue (in millions)
Weighted average useful life (in years)
Completed technologies/patents$40.0 11
Customer relationships191.8 20
Trade names (finite-lived)47.6 14
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.
The following unaudited pro forma financial information for the three and nine months ended September 30, 2025 reflects the consolidated results of operations of the Company as if these acquisitions had taken place on January 1, 2024:
Three months endedNine months ended
In millions20252025
Net revenues$1,077.3 $3,120.6 
Net earnings
193.7 499.5 
The unaudited pro forma financial information is presented for informational purposes only and is not intended to be indicative of results of operations that would have occurred had the pro forma events taken place on the date indicated or the future consolidated results of operations of the combined company. The unaudited pro forma financial information does not reflect any synergies or other strategic benefits as a result of the acquisitions. The unaudited pro forma financial information is required under GAAP, and has been calculated after applying the Company's accounting policies and adjusting the historical financial results to reflect additional items directly attributable to the acquisitions that would have been incurred assuming the acquisitions had occurred on January 1, 2024, including amortization of acquired intangible assets, interest costs for debt to fund the acquisitions, and acquisition and integration costs.
The following financial information reflects the Net revenues and Earnings before income taxes generated by the businesses since the acquisition dates included within the Company's Condensed and Consolidated Statements of Comprehensive Income:
In millions
Three months ended September 30, 2025
Nine months ended September 30, 2025
Net revenues$38.0 $47.6 
Earnings before income taxes2.3 3.7