Predict your next investment

RISK & SECURITY | Security Products
schlage.com.co

See what CB Insights has to offer

Stage

Acquired | Acquired

About Schlage Lock de Colombia

Schlage Lock de Colombia is a mechanical lock manufacturer with a long history of providing branded security products.

Schlage Lock de Colombia Headquarter Location

Carrera. 26 No. 12A – 20

Bogota,

Colombia

Latest Schlage Lock de Colombia News

Allegion Acquires Schlage Lock de Colombia

Jan 8, 2014

January 08, 2014 8:07am   Comments Share: DUBLIN--(BUSINESS WIRE)-- Allegion plc (NYSE: ALLE ), a leading global provider of security products and solutions, today announced the acquisition of certain assets of Schlage Lock de Colombia S.A., the second largest mechanical lock manufacturer in that country with revenues of approximately US$12 million. The acquisition of certain assets of the privately-owned company, which has distribution in other South and Central American countries, will enable Allegion to leverage its branded residential and commercial product lines to grow its presence in the Spanish-speaking South American security market. Allegion will operate a 45,000-square-foot integrated plant in Bogota, Colombia and will continue to sell product under the Schlage brand, as well as Schlage Lock de Colombia's Inafer and Segurex brands. Schlage Lock de Colombia owner, Alejandro Urdaneta Santos, will remain with the business as general manager, Allegion Colombia. The company has approximately 350 employees. Allegion has previously emphasized its commitment to deploy capital to enhance shareholder value, and grow through acquisitions in emerging markets that expand distribution, enhance its product portfolio and provide new technologies. “Schlage Lock de Colombia has a long history as a market leading provider of branded security products, and we are proud to bring its strong legacy of customer service and employee dedication to the Allegion family,” said Dave Petratis, chairman, president and CEO of Allegion. “This transaction is an excellent first step in implementing our growth strategy,” continued Petratis. “Colombia has the third largest population and the fourth largest economy in Latin America. We will continue using our strong free cash flow to fund strategic acquisitions.” Allegion debuted in December 2013 as a standalone, publicly-traded company following the spinoff of the commercial and residential security businesses from Ingersoll Rand. Allegion, a constituent of the S&P 500®, trades on the New York Stock Exchange under the symbol ALLE. This news release includes “forward-looking statements,” which are statements that are not historical facts, including statements that relate to our business and growth strategy, and our financial performance. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our ability to fully realize the expected benefits of the spinoff; global economic conditions, demand for our products and services and tax law changes. Additional factors that could cause such differences can be found in our Form 10. We assume no obligation to update these forward-looking statements. About Allegion Allegion (NYSE: ALLE ) creates peace of mind by pioneering safety and security. As a $2 billion provider of security solutions for homes and businesses, Allegion employs more than 7,800 people and sells products in more than 120 countries across the world. Allegion comprises 23 global brands, including strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®. For more, visit www.allegion.com .

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Schlage Lock de Colombia Patents

Schlage Lock de Colombia has filed 554 patents.

The 3 most popular patent topics include:

  • Locks (security device)
  • Locksmithing
  • Doors
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/26/2017

11/16/2021

Rugby union locks, Locks (security device), Actuators, Role-playing video games, Mechanics

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

12/26/2017

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

11/16/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Rugby union locks, Locks (security device), Actuators, Role-playing video games, Mechanics

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.