Allegion plc ($ALLE) Eyes €60-€65 Million Net Sales from ELATEC by 2026

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Allegion plc (ALLE) is set to acquire ELATEC, including Elatec GmbH and related entities, from Summit Partners for €330 million.

ELATEC is projected to generate around €60-€65 million in net sales by 2026.

The acquisition is expected to positively impact Allegion’s adjusted earnings per share in 2026.

CEO John H. Stone described ELATEC as a leader that complements Allegion’s reader and credential product lines, promising growth aligned with Allegion’s electronics financial profile.

The deal is expected to close in the third quarter of 2025.