Kaba Holding AG and family-owned Dorma Holding GmbH + Co. KGaA plan to merge to become the dorma+kaba group. Dorma is a provider of access solutions and related services, door closers, automatic door systems and glass fittings. Kaba is a provider of access control, enterprise data collection and key systems.
“The combination of the two strong brands Dorma and Kaba will result in the creation of a leading company in our industry,” said Ulrich Graf, Chairman of Kaba. “The anchor shareholders will ensure long-term orientation, which represents another true competitive advantage in our dynamic sector.”
With pro-forma sales of more than $2.18 billion, around 16,000 staff and locations in 53 countries, dorma+kaba will move up into the global top three in the market for security and access solutions.
Dorma and Kaba’s technological expertise, products as well as distribution channels complement each other very well, the companies said. The shared distribution and service networks, cross selling, and the positioning as a one-stop-shop for security and building access solutions open up significant added growth potential for the merged company.
dorma+kaba will have production facilities in all of the industry’s key markets and will accelerate global expansion through its strengthened presence in particular in Europe, the Americas and Asia-Pacific.