Allegion (NYSE: ALLE) has acquired Dorcas, a leading manufacturer of electro-mechanical access control solutions based in Spain.
The privately held company specializes in the production of electric strikes, electro-mechanical and electro-magnetic locks, as well as complementary access control solutions and door control products. Dorcas solutions are distributed and sold internationally with a strong presence across European markets, including healthcare and education verticals.
Dorcas will operate as part of the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley.
“Dorcas’ electric strikes and locks are integral elements of access control systems, and adding this business to Allegion International is another strategic investment in the health and quality of our portfolio,” Eckersley said. “Combined, our teams will specify and supply a broader range of seamless access solutions across customers and channels.”
To support a smooth integration, Dorcas CEO Pablo Ibáñez will join Allegion as managing director of the Dorcas business.
“Joining Allegion offers new routes to market and accelerated growth opportunities for Dorcas,” Ibáñez said. “Our cultures of innovation and putting customers first align, providing a very exciting future ahead.”
Terms of the transaction were not disclosed
