Allegion Finalizes Acquisition of Access Control Company ISONAS
Company Press Release
Allegion plc, a leading global security products and solutions provider, has completed, through one of its subsidiaries, the previously announced acquisition of ISONAS.
ISONAS has edge-computing technology that provides innovative access control solutions for non-residential markets. ISONAS intelligent devices – like its popular integrated reader-controllers – utilize power over ethernet, making them easy to install and cost effective as they utilize existing customer infrastructures. The company is based in Boulder, Colo.
Allegion announced its intent to purchase ISONAS in June 2018.
Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion is a $2.4 billion company, with products sold in almost 130 countries.
Maria Pia Tamburri – Director, Public Affairs – Maria.Tamburri@allegion.com – (317) 810-3399
Mike Wagnes – Vice President Treasurer and Investor Relations – Michael.Wagnes@allegion.com – (317) 810-3494
Source: Allegion plc