About

Allegion provides security solutions that focus on securing doors and surrounding areas for various clients, including homeowners, businesses, and educational institutions. Their product range includes mechanical locks, electronic access control systems, and biometric scanning devices. These products work by allowing users to control access to buildings and rooms, ensuring safety through various methods such as traditional keys, electronic keypads, and fingerprint recognition. Allegion stands out from its competitors by combining traditional security measures with advanced technology, offering a comprehensive approach to safety and access. The company's goal is to enhance security while also adhering to environmental and social governance principles, aiming to positively impact communities and drive 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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