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Switzerland: Kaba to merge with Germany’s Dorma creating $2.1 billion doormaker

By  |  April 30, 2015

Swiss firm Kaba and Germany’s Dorma Holding said on Thursday they plan to merge to form a top-three player in the building security and “access products” market, a category including door locks and keys.

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    “This will allow us to better and more quickly take advantage of opportunities that arise through megatrends such as urbanisation and digitalisation,” Dorma Chief Executive Thomas Wagner said in a statement.

    The deal is subject to approval from a meeting of Kaba shareholders on May 22. The two companies expect to complete the combination in the third quarter.

     

    Full content: Bloomberg

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