Founded in 1999, Lemaar is well-known in Australia for its high-quality security and accessibility solutions, which include door entry systems, handles and digital locks for residential and multifamily markets. By joining the Allegion Australia family, Lemaar products will complement the Allegion Australia portfolio and create an enhanced offering to customers and consumers alike.
Moving forward, the Lemaar business now reports into the Allegion International segment of Allegion PLC, and more specifically as part of Allegion Australia, led by Allegion Vice President of Asia Pacific, Serge Zappone.
“The close of this acquisition brings another great Australian business into Allegion’s house of brands,” Zappone said. “We are excited to harness the legacy of the Lemaar brand to continue delivering comprehensive security and accessibility solutions for our customers.”
Bill Spyrou, owner of Lemaar, joins the Allegion Australia team in an advisory capacity, supporting a smooth transition for the business and customers.
“I believe the acquisition of Lemaar by Allegion is a great fit!” Spyrou said. “Our approach to business is aligned in supplying clients unrivalled service, innovative solutions, and delivering on our customer’s needs.”
Terms of the transaction were not disclosed.