A disciplined investment process in channel management, infrastructure spending and innovation accelerate organic growth in each of Allegion’s core markets. We continue to lead the security industry in the electromechanical convergence and remain focused on leveraging our strong institutional knowledge to drive growth in education, healthcare and new construction.
In 2017, the Americas region uncovered new opportunities to build value for end users. The increasing popularity of connected devices has contributed to continued success for Allegion, driving revenue growth, as well as creating new use cases for products. Tim Eckersley, senior vice president and president of the Americas notes, “Everything that we do is becoming more integrated and connected. Products are, more and more, connected to access control systems and IoT systems. There’s been a significant impact to both our commercial and residential businesses’ growth trajectory."
In EMEIA, the attention to customer value and convenience helped its project-based business outperform the market in 2017, and secure new prestigious projects across the healthcare, education, commercial and institutional verticals. Portable solutions, such as bike-sharing programs, have provided expansion in the leisure sector. The SimonsVoss and Interflex brands added to the growth in sales of EMEIA’s electronic solutions, and going forward, driving adoption of smart locks in Europe will continue to be a focus.
Jeff Wood, senior vice president and president of Asia Pacific, describes 2017 as “The Year of Electronics” for his region. Allegion again saw significant growth in electronic businesses, as e-lock adoption continues to accelerate in both commercial and residential markets.