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Media release |
dormakaba grows in Pacific region through acquisition |
Rümlang, 4 July 2017 - The dormakaba Group has signed an agreement to acquire Australian company Kilargo Pty Ltd. It expects the transaction to be completed later this month. The addition of Kilargo's extensive range of door seals will strengthen dormakaba's existing portfolio of door hardware.
Kilargo Pty Ltd is located in Australia and serves construction projects by producing and selling a wide range of door seals to contain pollutants such as fire and smoke. Kilargo as one of the leading companies in this field was founded in 2006, manufactures its products in Brisbane (Australia) and has international sales offices in Singapore and Dubai. dormakaba is acquiring 100% of Kilargo, and will be integrating the company into its existing local organizations over the coming months.
Kilargo has 55 employees and generated turnover close to CHF 13 million in 2015/2016. The acquisition is expected to have a positive effect on dormakaba Group's EBITDA margin and earnings per share from the first day.
"Kilargo complements our integrated portfolio of products, solutions and services for access to buildings and rooms from a single source in the Pacific region, and supports our profitable growth in the region," says Jim- Heng Lee, COO Access Solutions APAC.
Further information for: Investors and analysts
Siegfried Schwirzer Head of IR
T: +41 44 818 90 28
siegfried.schwirzer@dormakaba.com
Media Germaine Müller Press OfficerT: +41 44 818 92 01
germaine.mueller@dormakaba.com
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dormakaba Group is one of the top three companies in the global market for access and security solutions. With strong brands such as Dorma and Kaba in our portfolio, we are a single source for products, solutions, and services related to doors and secure access to buildings and rooms. dormakaba is being represented globally in over 130 countries by its own activities and numerous cooperation partners. dormakaba Group is listed at the SIX Swiss Exchange, is headquartered in Rümlang (Zurich / Switzerland) and generated in financial year 2015/2016 a turnover of over CHF 2.3 billion with around 16,000 employees.
SIX Swiss Exchange: DOKA (formerly: KABN / KABNE) Further information at www.dormakaba.com
DisclaimerThis communication contains certain forward-looking statements, e.g. statements using the words "believes", "assumes", "expects", or formulations of a similar kind. Such forward-looking statements are based on assumptions and expectations which the company believes to be well founded, but which could prove incorrect. They should be treated with appropriate caution because they naturally involve known and unknown risks, uncertainties and other factors which could mean that the actual results, financial situation, development or performance of the company or Group are materially different from those explicitly or implicitly assumed in these statements. Such factors include:
The general economic situation
Competition with other companies
The effects and risks of new technologies
The company's ongoing capital requirements
Financing costs
Delays in the integration of acquisitions
Changes in operating expenses
Fluctuations in exchange rates and raw materials prices
Attracting and retaining skilled employees
Political risks in countries where the company operates
Changes to the relevant legislation
Realization of synergies
Other factors named in this communication
If one or more of these risks, uncertainties or other factors should actually occur, or if one of the underlying assumptions or expectations proves incorrect, the consequences could be materially different from the assumed ones. In view of these risks, uncertainties and other factors, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments. The Company emphasizes that past results and performances cannot lead to conclusions about future results and performances. It should also be noted that interim results are not necessarily indicative of year-end results. Persons who are unsure about investing should consult an independent financial advisor.
This press release constitutes neither an offer to sell nor a call to buy securities of dormakaba in any legal system. dormakaba®, dorma+kaba®, Kaba®, DORMA®, Com-ID®, Ilco®, La Gard®, LEGIC®, SAFLOK®, Silca® etc. are registered brands of dormakaba Group. Country-specific requirements or business considerations may mean that not all dormakaba Group products and systems are available in all markets.
DORMA+KABA Holding AG published this content on 04 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2017 04:07:04 UTC.
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