Allegion, plc (NYSE: ALLE), a leading global security products and solutions provider, has completed, through one of its subsidiaries, the previously announced acquisition of Trelock GmbH and related companies.
Trelock is a portable safety and security provider headquartered in Münster, Germany, producing branded bicycle locks, lights and electronic control units. With roots dating back to 1854, Trelock is a leader in the German bicycle market with a strong footprint throughout Europe as well as a presence in Asia. For the fiscal year ending June 30, 2015, Trelock generated nearly €20 million in net revenue.