Company:Dormakaba

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dormakaba Holding AG
TypePublic
SIX: DOKA
IndustrySecurity technology
Founded1862
FoundersWilhelm Dorken, Rudolf Mankel, Franz Bauer
HeadquartersRümlang, canton of Zürich, Switzerland
Key people
Svein Richard Brandtzæg (Chairman)
[1]
Till Reuter (CEO)
[2]
Productsidentification, keys, key cutting machines, locks, lodging products, safe locks, workforce management
Revenue2.85 billion CHF (2022/2023) [3]
Number of employees
15,451(2022/23) [4]
Websitewww.dormakabagroup.com
KABA key

dormakaba Holding AG (former Kaba Holding AG) is a global security group based in Rümlang, Switzerland . It employs more than 15,000 people in over 50 countries. It formed as the result of a merger between former Kaba and former Dorma in September 2015 and is publicly traded on the SIX Swiss Exchange.[5]

dormakaba generated a turnover of CHF 2.85 billion in financial year 2022/23, a growth of 3.3 % compared to the previous year.[6]

Since July 1, 2023, dormakaba's organizational structure consists of the global commercial core business Access Solutions and Key & Wall Solutions - supported by Global Functions such as Operations and Innovation. The OEM (Original Equipment Manufacturer) business of the Asia-Pacific region has been moved to Key & Wall Solutions and renamed Key & Wall Solutions and OEM (KWO).

dormakaba's new business model focuses on core markets. These core markets include the five largest Access Solutions markets - Germany, Switzerland, the UK and Ireland, North America and Australia, which together account for 65% of Access Solutions sales - as well as the two fastest-growing markets in China and India.[7]

History

On 30 April 2015, the family-owned German company Dorma and the Swiss Kaba Group announced their planned merger. After competition authorities approved the merger at the end of August 2015, the dormakaba Group commenced operations on 1 September 2015.[8]

Both companies have a history of over 100 years.

History of Kaba

In 1862, Franz Bauer founded Kaba in Zurich as a locksmith shop and cash register factory. The firm was sold in 1915 to Leo Bodmer, who renamed the company to Bauer AG. When inventor Fritz Schori created the first cylinder lock with reversible key in 1934, Bauer AG patented the invention and named the lock after the firm's founder Franz Bauer, known in German as 'Kassenbauer' (maker of cash registers) – 'Kaba' for short.[9]

Over the years, the company gradually expanded its portfolio and established itself throughout Europe. In 1995, Bauer Holding AG was renamed to Kaba Holding AG and the company's shares were listed on the Zurich stock exchange.

With the takeover of Unican Security Systems (Montreal) in 2001,[10] Kaba gained a foothold in North America and added the Silca, Ilco and Kaba Mas brands as part of the merger.

In 2006, the company acquired the Wah Yuet Group in China,[11] the US company Computerized Security Systems (CSS) with its well-known Saflok and La Gard brands,[12] and the Dutch company H. Cillekens Zn. B.V. In addition, it entered into various joint ventures with the Indian Minda Group.

At Security 2008, Kaba was awarded the «Security Innovation Award» in gold for its newly developed identification technology RCID.[13][14]

In 2011, Kaba sold the business segment Door Automation (Kaba Gilgen AG, formerly Gilgen AG) to the Japanese Nabtesco Group.[15]

In 2015, the company merged with Dorma.[16][17]

History of Dorma

  • 1908: Foundation of Dörken & Mankel KG by Wilhelm Dörken and his brother-in-law Rudolf Mankel in Ennepetal (DE.)
  • 1950: Entry into the door closer business
  • 1962: Production of the first automatic doors
  • 1976: Glass fittings are added to the product range
  • 1978: Production becomes international - first production facility in Singapore (SG)
  • 1987: Safety solutions[buzzword] and emergency exit control systems
  • 1999: Acquisition of Groom
  • 2002: New business with mobile partition walls
  • 2013: More than 1 billion euros annual turnover
  • 2015: Merger with Kaba[18]

Areas of operation

  • Door hardware
  • Electronic access and data
  • Entrance Systems
  • Mechanical key systems
  • Safe locks
  • Lodging systems
  • Key systems
  • Movable walls
  • Escape and Rescue

Brands

dormakaba operates with the following brands worldwide:

  • Dormakaba
  • Dorma Hüppe
  • Silca
  • Ilco
  • BEST
  • Kilargo
  • Modernfold
  • Probuck
  • Skyfold

References

  1. ↑ "Members of the Board of Directors of dormakaba Group". https://www.dormakaba.com/en/investor-relations/corporate-governance/board-of-directors. 
  2. ↑ "Till Reuter appointed new CEO of dormakaba". https://www.dormakabagroup.com/en/news/e0c6b9aa-ee81-4247-ab02-054f450857f9/till-reuter-appointed-new-ceo-of-dormakaba. 
  3. ↑ "Annual Report 2022/23". Dormakaba. https://report.dormakaba.com/2022_23. 
  4. ↑ "Annual Report 2022/23". Dormakaba. https://report.dormakaba.com/2022_23. 
  5. ↑ "SIX Swiss Exchange - Dormakaba Holding AG". SIX Swiss Exchange. http://www.six-swiss-exchange.com/shares/security_info_en.html?id=CH0011795959CHF4. 
  6. ↑ "Annual Report 2022/23" (in en). 2022-08-31. https://report.dormakaba.com/2022_23/. 
  7. ↑ "dormakaba initiates transformation program to strengthen the company for the future" (in en). https://www.dormakabagroup.com/en/news/8dc49e68-4864-4705-8947-6228ea54a427/dormakaba-initiates-transformation-program-to-strengthen-the-company-for-the-future. 
  8. ↑ "DORMA News | Merger between DORMA and Kaba to form the dorma+kaba Group is completed". http://www.dorma.com/us/en/news-events/press-releases/09.02.2015-merger-between-dorma-and-kaba-to-form-the-dorma-kaba-group-is-completed.html. 
  9. ↑ Wirtschaft, Finanz und. "Die Person Fritz Schori" (in de). https://www.fuw.ch/article/die-person-fritz-schori/. 
  10. ↑ "Takeover of Unican Security Systems Ltd.". CBC News. December 22, 2000. http://www.cbc.ca/money/story/2000/12/22/kaba001222.html. 
  11. ↑ "Kaba in China". Bloomberg. November 28, 2008. https://www.bloomberg.com/apps/news?pid=20601089&sid=arcpM88xs4Sc&refer=china. 
  12. ↑ "Kaba acquires Computerized Security Systems". AFX News Limited. August 28, 2006. https://www.forbes.com/feeds/afx/2006/08/28/afx2976115.html. 
  13. ↑ "Media release - Kaba wins Security Innovation Award". Kaba Holding AG. October 9, 2008. http://www.kaba.com/media/104740/v6/File/09-10-08-kaba-wins-security-innovation-award.pdf. 
  14. ↑ "Kaba gewinnt SECURITY INNOVATION AWARD in Gold". PRESSEBOX. October 7, 2008. http://www.pressebox.com/pressreleases/kaba-gmbh/boxid/208435. 
  15. ↑ "Nabtesco Corporation Acquires Kaba Gilgen AG". Reuters. April 2, 2011. https://www.reuters.com/finance/stocks/6268.T/key-developments/article/2125883. 
  16. ↑ "Five minutes with Riet Cadonau, dorma+kaba Holding" (in en). https://www.constructionweekonline.com/article-39141-five-minutes-with-riet-cadonau-dormakaba-holding. 
  17. ↑ "Swiss-based Kaba to merge with Germany's Dorma Holding". Reuters. April 30, 2015. https://www.reuters.com/article/kaba-ma-dorma-idUSL5N0XR1NR20150430. 
  18. ↑ "Five minutes with Riet Cadonau, dorma+kaba Holding" (in en). https://www.constructionweekonline.com/article-39141-five-minutes-with-riet-cadonau-dormakaba-holding. 



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