SP&T News

Dorma and Kaba to merge

Access control companies Dorma and Kaba issued the following information via press release. Further details are available via the Dorma website.

May 5, 2015  By Staff

    •     dorma+kaba to become one of the global top 3 companies in the security and access solutions market, with pro-forma sales exceeding CHF 2 billion (EUR 1.9 billion)

    •    Leading product and services offering from a single source thanks to complementary portfolios, value chain and geographic footprint in all key markets

    •    Excellent growth opportunities and significant synergy potential to create substantial added value for Kaba shareholders; planned special dividend of CHF 50 per share

    •    Dorma owner family to increase its entrepreneurial commitment by acquiring 9.1% stake in Kaba and together with Kaba family shareholders to form strong, long-term oriented anchor shareholder for the combined group

    •    As the SIX-listed dorma+kaba holding company, Kaba to hold 52.5% and the Dorma family owners to hold 47.5% of combined Dorma and Kaba business

    •    Kaba Extraordinary General Meeting on 22 May 2015 for approval of the merger; completion of transaction planned for third quarter 2015

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