DORMA and Kaba to become a global leader in access solutions

An industry leader emerges:

• The merger of the two businesses of DORMA and Kaba to form dorma+kaba, announced at the end of April 2015, became effective by closing on 1 September 2015.
• dorma+kaba Group thus becomes one of the top 3 companies in the world for security and access solutions, with total sales of more than EUR 1.9 billion and more than 16,000 employees in around 50 countries. 

DORMA, the trusted global partner for premium access solutions & services,joined forces with Kaba, a leading provider of high quality access management solutions, keys, cylinders, physical access systems, enterprise data and time recording, safe locks and hotel access systems to form dorma+kaba Group in September 2015. dorma+kaba Group thus became one of the top 3 companies in the world for security and access solutions, with total sales of more than EUR 1.9 billion and more than 16,000 employees in about 50 countries.with ger, ares uary 15., 3015e indule interview with Dubai Eye and Articl contribution for GN my table.

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Customers and partners will benefit from a complementary product portfolio, geographical presence, combined strength across the entire value chain, and a global service organization. The new company looks back on a combined industry-history of over 250 years andwill provide a leading access product, solutions and service offering from a single source.

Commenting on the merger, Riet Cadonau, CEO dorma+kaba Group said, “The merger of DORMA and Kaba is a historic milestone in the history of both companies and benefits all our stakeholders. Both companies share a commitment to develop secure, innovative access solutions for buildings of the future. Now we are one global company that will deliver enhanced, complementary products and services from a single source.Our combined innovative strength is another positive factor for partners and customers. dorma+kaba continues to strive for innovation leadership, and we will continue to invest substantially in research and development so that we can offer our customers optimum solutions with genuine added value.”

Key facts about the merger

• The dorma+kaba Group will be one of the top 3 global companies for security and access solutions, with pro forma sales of over EUR 1.9 billion (CHF 2 billion).
• Leading range of products and services from a single source thanks to complementary portfolios, value chains and geographical presence in all major markets.
• Excellent opportunities for growth and significant synergy potential should unlock substantial benefits for shareholders.
• DORMA's former family owners have increased their commitment in the business by acquiring a 9.1% stake in dorma+kaba Holding AG; together with Kaba's family shareholders they form a strong, long-term anchor shareholder for the combined group. Together, the groups of family shareholders own 27.3% of the shares.

Aboutdorma+kaba

The merger of the businesses of Kaba Group, headquartered in Rümlang (Switzerland) and Dorma Group, based in Ennepetal (Germany), was completed on 1 September 2015. Together, dorma+kaba are one of the top 3 global companies in the market for security and access solutions, with pro forma sales of over CHF 2 billion, and around 16,000 employees.
 

SIX Swiss Exchange: DOKA (formerly: KABN / KABNE)

Further information at www.dormakaba.com