Frankfurt, September 2, 2015 - Baker & McKenzie advised Allegion plc, a leading global security products and solutions provider, on the acquisition of all shares in SimonsVoss Technologies GmbH from HgCapital. SimonsVoss is a leading provider of electronic locks and access control systems. The transaction is valued at approximately EUR 210 million. The corresponding contracts were signed at the end of June 2015; after having been approved by the competition authorities, the transaction has now been completed successfully.
Allegion (NYSE: ALLE) is a pioneer in safety and security, with leading brands like CISA, Interflex, LCN, Schlage and Von Duprin. Allegion is specialized in security around the door and entrance areas. The company produces a range of security solutions for homes, businesses, schools and other institutions. In 2014, Allegion generated about USD 2 billion in sales, with products sold in almost 130 countries all over the world.
Headquartered in Munich, SimonsVoss is a manufacturer of electronic lock systems with a leading position in the growing European electronic market segment. Its comprehensive set of solutions for electronic access control is sold globally. As a strong brand that is well-known for its innovative capacity, SimonsVoss combines global experts and technical expertise in the safety and security business.
The Baker & McKenzie Corporate/M&A teams advise clients in cross-border transactions and reorganizations on a regular basis. Most recently, Baker & McKenzie inter alia advised ZF Friedrichshafen AG on the acquisition of the industrial gears and wind turbine gearbox business from Bosch Rexroth, Group Le Duff on the acquisition of Kamps, Telefónica/E-Plus on the sale of yourfone to Drillisch, Flowserve Corporation on the acquisition of SIHI group, Hochtief on the sale of the property management business to vincitag and the offshore business to GeoSea, Heidelberger Druckmaschinen on the sale of the postpress packaging business to Masterwork Machinery Co., Clariant on the sale of the energy storage business to Johnson Matthey or Meibah International GmbH on the acquisition of Schumag AG.
Legal advisor to Allegion, plc:
Lead:
Corporate/M&A: Dr. Nikolaus Reinhuber (Partner, Frankfurt)
Further attorneys involved:
Corporate: Dr. Florian Kästle (Partner, Frankfurt), Tilman Wink (Senior Counsel, Frankfurt), Maria Eger (Associate, Frankfurt), Matthias Schudlo (Associate, Frankfurt)
Tax: Dr. Dr. Norbert Mückl (Partner, Munich), Dr. Christian Port (Associate, Frankfurt)
IP: Dr. Benjamin Koch (Partner, Munich), Christina Loizou (Associate, Munich)
Employment: Dr. Hagen Köckeritz (Partner, Frankfurt)
Public Law: Dr. Julia Pfeil (Senior Associate, Frankfurt)
Trade & Commerce: Dr. Johannes Teichmann (Senior Associate, Frankfurt)
Private Equity & Funds: David Allen (Partner, London)
