Stanley Access Technologies, LLC. News

Allegion plc, a global security products, and solutions provider has signed a definitive agreement to acquire Stanley Access Technologies LLC (‘Access Technologies’) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash. When adjusted for approximately $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis. Reducing the amount paid by the tax benefits, the purchase price...

The Security Industry Association (SIA) has named five young security professionals as the recipients of the 2021 SIA RISE Scholarship, a program offered through SIA’s RISE community, which supports the education and career development goals of young industry talent. Through this scholarship program, open to SIA student members and RISE members who are employees at SIA member companies each awardee will receive a $3,000 scholarship to use toward continuing education and professional devel...