Friday 18 January 2019

Irish group Allegion to acquire UAE door manufacturer

DUBLIN, December 3, 2017

Allegion, a global pioneer in safety and security products and solutions, has announced plans to acquire Qatar Metal Industries (QMI), a key manufacturer of commercial steel and wood doors and frames based in the UAE.

The transaction is expected to close in the first quarter of 2018, subject to regulatory approvals.

Allegion is a $2.2-billion company, with products sold in almost 130 countries. Focusing on security around the door and adjacent areas, it produces a range of solutions for homes, businesses, schools and other institutions.

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.  

"In Europe, Middle East, India and Africa (EMEIA), we continue to expand through a focus on creating the best possible customer experience with a full suite of security solutions and services," remarked Lucia Veiga Moretti, Allegion senior vice president and president for the region.

“With QMI, we’re further expanding our code-compliant products to include doors in the Middle Eastern market, while leveraging the strength of our existing specification writing capabilities and adding strong relationships across new build and aftermarket environments. All of this supports our strategy to accelerate Allegion’s growth in this fast growing region and EMEIA as a whole,” he added.

Riad Welly, the co-founder of QMI, said like Allegion, QMI prioritises the customer experience through continuous improvements to operating efficiency and quality, as well as a commitment to Lean processes.

"We are excited to have QMI products offered as a key part of Allegion’s full-door solution for end users, specifiers and customers in the Middle East," he added.-TradeArabia News Service

Tags: UAE | Ireland | Allegion | steel door |

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