Allegion Finalizes Acquisition of Commercial Door Manufacturer QMI

DUBLIN–(BUSINESS WIRE)–Allegion
plc (NYSE: ALLE), a leading global security products and solutions
provider, has completed, through one of its subsidiaries, the previously
announced acquisition of QMI.

Headquartered in the United Arab Emirates, QMI is one of the Middle
East’s largest manufacturers of commercial steel and wood doors and
frames. This product offering is closely aligned with Allegion’s core
business and specification capabilities, and it provides customers with
full-door solutions in the Middle East, including options for
pre-installed door sets that are code compliant across multiple markets.

Allegion announced its intent to purchase QMI in November 2017. For more
information, see the original
press release.

This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements that relate to the
acquisition’s impact on the Company’s financial and operational
performance, the acquisition’s ability to drive growth and the
integration of the acquisition. These forward-looking statements are
based on the Company's current available information and its current
assumptions, expectations and projections about future events. They are
subject to future events, risks and uncertainties – many of which are
beyond the Company’s control – as well as potentially inaccurate
assumptions, which could cause actual results to differ materially from
those in the forward-looking statements. Further information on these
factors and other risks that may affect the Company's business is
included in filings it makes with the Securities and Exchange Commission
from time to time, including its Form 10-K for the year ended Dec. 31,
2016, Form 10-Qs for the quarters ended March 31, 2017, June 30, 2017,
and Sept. 30, 2017, and in its other SEC filings. The Company assumes no
obligations to update these forward-looking statements.

About Allegion™

Allegion (NYSE: ALLE) is a global pioneer in safety and security, with
leading brands like CISA®, Interflex®, LCN®,
Schlage®, SimonsVoss® and Von Duprin®. Focusing
on security around the door and adjacent areas, Allegion produces a
range of solutions for homes, businesses, schools and other
institutions. Allegion is a $2.2 billion company, with products sold in
almost 130 countries.

For more, visit www.allegion.com.

Contacts

Allegion plc
Media
Maria Pia Tamburri,
317-810-3399
Director, Public Affairs
[email protected]
or
Analysts
Mike
Wagnes, 317-810-3494
Vice President, Treasurer and Investor
Relations
[email protected]