Allegion To Acquire Plano Group For Undisclosed Terms

RTTNews | 1025 days ago
Allegion To Acquire Plano Group For Undisclosed Terms

(RTTNews) - Security solutions provider Allegion plc (ALLE) announced Monday that through one of its subsidiaries, it has signed a definitive agreement to acquire assets of plano group, a software-as-a-service (SaaS) workforce management solution. Terms of the transaction were not disclosed.

Based in Germany, plano has been a long-time service provider and development partner for Allegion's leading European workforce management brand, Interflex, and its SP-EXPERT software platform.

Following the close of the acquisition, plano will continue to serve advanced workforce management (AWFM) customers as part of the Interflex portfolio.

The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Following the closure, the founder of the plano business, Robert Schüler, will join Interflex, helping ensure a smooth integration and driving progress of the AWFM software business strategy.

read more
Allegion Q4 Results Top Estimates; Sees FY23 Earnings Above Market

Allegion Q4 Results Top Estimates; Sees FY23 Earnings Above Market

Allegion plc, a provider of security products and solutions, reported Wednesday higher profit and revenues in its fourth quarter, above market estimates. Further, the company projects fiscal 2023 earnings higher than last year, and above the Street view. John Stone, Allegion president and CEO, said, "... our supply chain actions are achieving positive results..."
RTTNews | 918 days ago
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | 11 minutes ago
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 2h 3min ago
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | 2h 56min ago
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | 2h 57min ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 4h 22min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 4h 37min ago