Allegion Steps Up in IoT by Taking Stake in Mobility Platform Developer Conneqtech

DUBLIN, Ireland – Allegion plc, the listed global security products and solutions provider that owns Axa, Kryptonite and Trelock in the bike sector, has acquired a stake in European IoT mobility platform developer Conneqtech. This company already partnered with Axa. Allegion says that it will work together with Conneqtech “to continue developing best-in-class connected solutions and bring them to new markets.”