Stanley black & decker to sell access technologies business for $900 million in cash to allegion

Transaction advances stanley black & decker's portfolio transformation and sharpens strategic focus on its core businesses new britain, conn. , april 22, 2022 /prnewswire/ -- stanley black & decker (nyse: swk) today announced it has signed a definitive agreement for the sale of its automatic doors business, access technologies, to allegion plc (nyse: alle) for $900 million in cash.
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