Allegion Boosts Product Portfolio With the Acquisition of Novas
Key Takeaways Allegion has acquired Australia-based Novas to expand its door hardware and security product offerings. Novas' expertise and market presence will help ALLE grow in the multifamily and commercial end markets. Novas joins the Allegion International segment, led by SVP Tim Eckersley.Allegion plc (ALLE) recently acquired Nova Hardware Pty Ltd (Novas) through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Based in Victoria, Australia, Novas is engaged i ...