SimonsVoss is a European leader in the development, manufacture and marketing of electronic battery-powered locking and access control systems, mainly for public, commercial and residential buildings.
SimonsVoss has a proven track record of developing state-ofthe-art applications with a pipeline of innovative new products. Revenues primarily originate in Germany, with an increasing number of sales in international markets.
In June 2015, Hg agreed the sale of SimonsVoss to NYSE listed Allegion plc for an Enterprise Value of €210 million. Allegion is a leading global security products and solutions provider headquartered in Ireland. The sale of SimonsVoss represented a multiple of 1.5x (1.7x in local currency) original cost and a gross IRR of 12%.