Allegion to Acquire AXA Stenman

Allegion, plc

has agreed, through one of its subsidiaries, to acquire AXA Stenman Holding. The transaction is expected to close in the third quarter of this year, subject to regulatory approvals. Founded in 1902, AXA is a leading European-based residential and portable security provider headquartered in Veenendaal, the Netherlands, with production facilities in the Netherlands, France and Poland. AXA manufactures and sells a branded portfolio of bicycle locks and lights as well as a wide variety of window and door hardware. The products are sold throughout Europe to OEMs, retail distributors and property builders. AXA has approximately 320 employees, generated sales of