dormakaba has successfully completed the previously announced divestment of the South African entity dormakaba South Africa (Pty) Ltd. to the local management team with effect from 31 December 2024. The Sub-Saharan African business divested by dormakaba will continue to operate under new ownership and will serve as the exclusive dormakaba partner in the region.
To consolidate its Montreal (Canada) based sites dormakaba sold the company’s previous manufacturing and engineering site at the end of December 2024. The company continues its business operations from the previously announced new Montreal hub, including a new production facility.
The parties involved in each of the completed transactions have agreed not to disclose the financial terms of the transactions.
dormakaba continues to successfully execute its strategy and focus on reducing complexity, increasing performance, driving innovation and promoting growth.
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About dormakaba Group
dormakaba is a leading global provider in the access solutions market. The company reimagines access by setting industry standards for smart systems and sustainable solutions across the lifecycle of a building. More than 15,000 employees worldwide provide their expertise together with distribution partners to a growing customer base in more than 130 countries. dormakaba supports its customers with a broad, innovative portfolio of integrated access products, solutions and services that easily fit into building ecosystems to create safe, secure and sustainable places where people can move around seamlessly.
dormakaba is listed on the SIX Swiss Exchange and is headquartered in Rümlang near Zurich (Switzerland). It generated a turnover of CHF 2.8 billion in financial year 2023/24. SIX Swiss Exchange: DOKA
Disclaimer
This communication contains certain forward-looking statements including, but not limited to, those using the words “believes”, “assumes”, “expects” or formulations of a similar kind. Such forward-looking statements reflect the current judgement of the company, involve risks and uncertainties and are made on the basis of assumptions and expectations that the company believes to be reasonable at this time but may prove to be erroneous. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks, uncertainties and other factors outside of the company’s and the Group’s control which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the company or the Group and those either expressed or implied by such statements. Except as required by applicable law or regulation, the company accepts no obligation to continue to report, update or otherwise review such forward-looking statements or adjust them to new information, or future events or developments.This communication does not constitute an offer or an invitation for the sale or purchase of securities in any jurisdiction
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dormakaba®, dorma+kaba®, Kaba®, Dorma®, Ilco®, LEGIC®, Silca®, BEST® etc. are registered trademarks of the dormakaba Group. Due to country-specific constraints or marketing considerations, some of the dormakaba Group products and systems may not be available in every market.
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Source:
dormakaba Group
dormakaba.com
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