Linklaters advises HgCapital on sale of SimonsVoss to Allegion
Linklaters advised HgCapital on the sale of SimonsVoss Technologies AG to the American safety and security specialist Allegion. Incorporated in 1995, the company has become the European market and technology leader for digital locking and access control systems and generated sales of approximately 52 million euros in 2014. The purchase price amounts to approximately 210 million euros. SimonsVoss has about 270 employees based in its German sites in Unterföhring and Osterfeld as well as in its local branches in China, Dubai, France, Great Britain, the Netherlands, Austria, Sweden and Singapore.
The purchaser Allegion is one of the world’s pioneers in safety and security. The product portfolio is comprised of more than 25 brands, including CISA, Interflex, LCN, Schlage and Von Duprin. Allegion is listed on the New York Stock Exchange (NYSE) and has more than 8,000 employees.
Following HgCapital’s investment, SimonsVoss has developed into a solution provider for electronic access control with an extensive product portfolio. By acquiring SimonsVoss, Allegion continues to solidify its leadership in the growing market segment of electro-mechanical access control.
A Linklaters team led by Dr Rainer Traugott (Corporate/M&A, Munich) advised on the transaction. The team also included Dr Daniela Seeliger (Competition/Antitrust, Düsseldorf), Hanno Witt (Corporate/M&A, Munich), Dr Christoph Rödter (Corporate/M&A, Munich), Dr Jann Jetter (Tax, Munich), Martin Mager (Tax, Munich), Kaan Gürer (Competition/Antitrust, Düsseldorf), Irina Krieger (Corporate/M&A, Munich) und Franziska Nebolieff (Corporate/M&A, Munich).