About

Allegion provides security solutions that focus on securing doors and surrounding areas. Their product range includes mechanical locks, electronic access control systems, and biometric scanning devices, catering to various clients such as homeowners, businesses, and educational institutions. Allegion's products work by offering different methods of access control, from traditional keys to advanced technology that uses fingerprints or other biometric data for entry. What sets Allegion apart from competitors is their commitment to integrating new technologies into their security solutions while also adhering to environmental, social, and governance principles. The company's goal is to enhance safety and access for communities while driving innovation in the security industry.

Simplify's Take

What believers are saying

• Acquisitions like Unicel and Krieger enhance Allegion's product offerings and market reach.
• The demand for touchless security solutions has surged post-COVID-19 pandemic.
• Cloud-based access control systems offer scalability and remote management capabilities.

What critics are saying

• Emerging startups with innovative solutions could erode Allegion's market share.
• Supply chain vulnerabilities in semiconductor components may disrupt electronic product production.
• Rising raw material costs, especially metals, could impact Allegion's profit margins.

What makes Allegion unique

• Allegion offers a comprehensive portfolio of mechanical and electronic security products.
• The company operates in 120 countries under 23 brands, including Schlage and Von Duprin.
• Allegion integrates ESG principles, focusing on innovation and community impact.

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