Allegion plc, a security company based in Dublin, Ireland, has made a strategic acquisition.

Allegion has acquired Gatewise, a provider of smart access control solutions, expanding its offerings in the multifamily marketplace. This acquisition is complementary to Allegion’s existing electronic locks and Zentra multifamily access solution.

Key details of the acquisition include:

• The terms of the transaction were not disclosed.
• The acquisition is expected to strengthen Allegion’s position in the market.
• The acquisition is expected to enhance Allegion’s ability to provide innovative security solutions to its customers.