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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.

“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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