May 13, 2018 / 10:58 PM / 6 months ago

BRIEF-Allegion To Acquire GWA Group's Door And Access Systems Business

May 13 (Reuters) - Allegion PLC:

* ALLEGION TO ACQUIRE AUSTRALIAN RESIDENTIAL DOOR HARDWARE LEADER GAINSBOROUGH, NATIONAL COMMERCIAL LOCKSMITH

* GWA DOOR AND ACCESS SYSTEMS BUSINESS WILL OPERATE IN ALLEGION’S ASIA-PACIFIC REGION

* TRANSACTION IS VALUED AT A$107 MILLION

* ALLEGION PLANS TO FUND ACQUISITION THROUGH EXISTING CASH ON HAND AND BORROWINGS UNDER ITS REVOLVING CREDIT FACILITY

* EXCLUDING MERGER AND ACQUISITIONS COSTS, ALLEGION EXPECTS TRANSACTION TO BE SLIGHTLY ACCRETIVE TO ADJUSTED EPS FOR 2018

* HAS AGREED TO ACQUIRE GWA GROUP LIMITED’S DOOR AND ACCESS SYSTEMS BUSINESS THROUGH ONE OF ITS SUBSIDIARIES Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below