Allegion

“You may recall that I used to be on the Board of Assa Abloy, Allegion's biggest competitor, right? So I've seen that from many different angles.”

JCI's CEO notes his prior board seat at Assa Abloy, Allegion's largest competitor in the security market, giving him direct insight into the competitive dynamics JCI faces there.

“Another good example from this year would be Trimco, makes high-end specialty hardware for commercial applications.”

Acquired Trimco adds high-end specialty commercial hardware, a target channel customers had flagged as attractive for Allegion.

“if you talk nonres Americas like Krieger Specialty Products, hand-in-glove fit with our spec engine, and we're excited to see the growth there.”

Acquired Krieger Specialty Products fits Allegion's nonresidential spec-writing engine and is expected to grow.

“Allegion has announced 2 more acquisitions, UAP and Brisant. These U.K.-based businesses strengthen our product portfolio, including electronic locks in addition to enhancing our cost position.”

Allegion acquired U.K.-based Brisant to strengthen its electronic-lock portfolio and cost position.

“Allegion has announced 2 more acquisitions, UAP and Brisant. These U.K.-based businesses strengthen our product portfolio, including electronic locks in addition to enhancing our cost position.”

Allegion acquired U.K.-based UAP to strengthen its electronic-lock portfolio and cost position.

“we're still really excited about the ELATEC acquisition, which is a pretty sizable deal for us that will continue to add momentum there in the electronic space.”

Allegion's sizable ELATEC acquisition is expected to add momentum in its electronics business, its largest 2025 deal.

“how do you square that relative to the weak ABI and these folks like Sherwin-Williams missing and things like that?”

An analyst cited Sherwin-Williams' recent earnings miss alongside weak Architecture Billings Index data as evidence of soft nonresidential construction conditions, questioning why Allegion's spec activity looks stronger.

“We also acquired Waitwhile, a leading Software-as-a-Service provider that specializes in cloud-based appointment scheduling and queue management. With Waitwhile, we can connect the virtual queue to secure and seamless physical access at the door in core nonresidential markets that we know well, ultimately providing the right access to the right people at the right time, all while streamlining operations for the building of the campus.”

Allegion acquired Waitwhile, a cloud-based appointment/queue management SaaS provider, to link virtual queuing with physical door access in core nonresidential markets.

“We added Gatewise, a Software-as-a-Service provider that offers a modern and retrofit-friendly gate entry system for multifamily communities. This business is a hand-in-glove fit with Allegion's electronic locks and Zentra multifamily property access solution, bringing together expanded perimeter security with unit and common area security.”

Allegion acquired Gatewise, a SaaS gate-entry provider for multifamily communities, to pair with its electronic locks and Zentra access platform.

“Allegion closed our acquisition of Germany-based ELATEC in the third quarter, adding to our International segment. Similar to our existing electronics portfolio, ELATEC has an attractive growth profile in the high single to low double-digit range with strong profitability. ELATEC's readers and credentials bolster Allegion's electronics portfolio globally, including in the U.S. and expands our reach into new applications and customers.”

Allegion acquired Germany-based ELATEC, a readers/credentials electronics business with high single- to low double-digit growth and strong profitability, to bolster its global electronics portfolio.

“Allegion recently completed the acquisition of Trimco in the Americas, which we announced prior to Q1 earnings and Novas in the International segment. Both of these businesses leverage existing go-to-market channel strength in their respective geographies while broadening the high-quality hardware offerings we provide to our customers. Trimco expands our accessories portfolio in non-res Americas markets, while Novas adds to our residential offering in Australia.”

Allegion acquired Novas to add to its residential offering in Australia, closing in Q2 2025.

“Allegion recently completed the acquisition of Trimco in the Americas, which we announced prior to Q1 earnings and Novas in the International segment. Both of these businesses leverage existing go-to-market channel strength in their respective geographies while broadening the high-quality hardware offerings we provide to our customers. Trimco expands our accessories portfolio in non-res Americas markets, while Novas adds to our residential offering in Australia.”

Allegion acquired Trimco to expand its accessories portfolio in the non-residential Americas market.

“Schlage's new Smart Lock integration with Airbnb, which was yet another industry first for our company”

Allegion's Schlage brand launched a smart-lock integration with Airbnb, another first-to-market product move for the company.