March 8, 2018 | Announcements

GCA Advises Nuki on Its Strategic Alliance with Allegion

GCA is pleased to announce that we have advised Nuki, a smart-home innovator, on a minority investment from a subsidiary of Allegion, a leading global security products and solutions provider. This is our latest transaction in the IoT space, as we recently advised Blink on its sale to Amazon.com.

Nuki develops smart locks to retrofit residential doors. Easily installed on top of existing locking mechanisms, the Nuki smart lock offers consumers the ability to open their home doors with their smartphone or a Bluetooth key fob. Additionally, Nuki systems allow residents to create and manage individual home-access permissions, remotely control home access, and view activity logs of home entries and exits.

Allegion (NYSE: ALLE) provides safety and security solutions for homes, businesses, schools and other institutions. Specializing in security around the door, Allegion sells mechanical and electrical solutions in almost 130 countries.

Allegion’s investment expands its footprint in the growing European IoT marketplace and supports Allegion’s growth strategy of investing in new technologies. Through the alliance, Allegion and Nuki will work together to develop commercial initiatives that accelerate growth.

“Our alliance with Nuki is yet another example of Allegion’s commitment to leading the electro-mechanical convergence in the security industry,” Allegion Senior Vice President and President of EMEIA Lúcia Veiga Moretti said. “This business has innovative thought leaders at the helm who will make excellent collaboration partners. Nuki is truly a pioneer in the residential smart-lock space in Europe. And, with both of our open ecosystems, we can work together to develop best-in-class digital platforms.”

“Like Allegion’s portfolio of solutions, our leading residential lock is smart, simple and secure,” said Nuki CEO Martin Pansy. “We’re excited to collaborate with a partner like Allegion, who has a growing European presence as well as global market strength. We are convinced that we can shape the future of smart access together.”

About GCA
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.

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