Allegion is also planning a capital investment of $4 million in real and personal property as it expands. The City of Carmel has offered support in the form of a 10-year personal property tax phase-in for the company’s eligible investment in computer hardware as well as equipment used for information technology, engineering and research and development, a measure that must be approved by the Carmel City Council.
“This is great news for Allegion, the City of Carmel and our corporate community,” said Mayor Jim Brainard. “We continue to work hard to create a city that will attract both new businesses and expansions by our current corporate headquarters. We are happy Allegion has found that Carmel is where they want to grow in the future.”
Allegion Americas has been a part of the Carmel community since Allegion plc spun off from Ingersoll Rand as an independent, publicly traded operation in 2013. Formerly, it existed as the security business under Ingersoll Rand, which also operated in Carmel. Today, the Allegion Americas regional headquarters houses a wide range of experts in departments like engineering, marketing and communications, legal, information technology, finance and human resources, among others.
The company produces around-the-doorway security products for residential and commercial markets to provide safety at the places where people live, work and thrive. Many of Allegion’s innovative solutions combine mechanical security with digital, mobile and interconnected electronic capabilities.
“Allegion’s Carmel employees are innovators – and many help lead our product development globally, especially in terms of the electro-mechanical convergence trend in the security industry,” said Allegion Senior Vice President and President of the Americas Tim Eckersley. “We’re excited to expand here, as we continue to draw from a technologically-advanced workforce that pushes forward on our mission to make the world a safer place as a company of experts.”
Allegion sells more than 25 brands, including CISA®, Interflex®, LCN®, Schlage® and Von Duprin® in nearly 130 countries across the globe.
Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion is a $2 billion company, with products sold in almost 130 countries.
For more, visit www.allegion.com.