Locks and Security News: your weekly locks and security industry newsletter
14th April 2021 Issue no. 553
Your industry news - first
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Allegion to acquire Trelock GmbH to become biggest in bike locks in EU
Allegion PLC, owner of among others Kryptonite and AXA Stenman Holding and a leading global security products provider, is taking over Trelock GmbH and related companies. With the Trelock take-over Allegion turns into the biggest supplier of bicycle locks in Europe.
Allegion is a 2 billion company selling security products in almost 130 countries including Kryptonite branded locks. The company took over Dutch locks & light maker AXA Stenman Holding in July 2015. Terms of the transaction were not disclosed.
1st June 2016