Allegion Acquires SOSS Door Hardware; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Allegion has acquired SOSS Door Hardware, a company focused on non-residential markets in North America. The terms of the acquisition were not disclosed. SOSS will be integrated into the Allegion Americas segment.
October 18, 2024 | 11:03 am
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POSITIVE IMPACT
Allegion has acquired SOSS Door Hardware, enhancing its portfolio in the North American non-residential market. This strategic move could strengthen Allegion's market position.
The acquisition of SOSS Door Hardware by Allegion is likely to positively impact Allegion's stock in the short term as it expands its market presence and product offerings in the North American non-residential sector. The integration into Allegion Americas suggests a strategic fit, potentially leading to operational synergies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90