Deal Snapshot
ALLEGION TO ACQUIRE AUSTRALIAN GWA GROUP IN DEAL VALUED AT AUD 107M
Wednesday 16 May 2018

Ireland-based security products provider Allegion, plc (NYSE: ALLE) has agreed to acquire Australia-based GWA Group Ltd.'s Door and Access Systems Business through one of its subsidiaries, the company said.
The transaction is expected to close in 3Q18. The transaction is valued at AUD 107m (USD 80.5m). Allegion plans to fund the acquisition through existing cash on hand and borrowings under its revolving credit facility.


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Details
Date Published: 16/05/2018
Target: GWA Group/Door and Access Systems Business
Country: Australia
Deal Size: 107m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Agreed
Vendor: GWA Group
Buyer: Allegion
Buyer Advisor: Greenhill and Co , Jones Day
Comment:


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