Dormakaba : strengthens Physical Access Solutions business in China
April 27, 2018 at 12:45 am EDT
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Published on: 27.04.2018Rümlang
Rümlang, 27 April 2018 - dormakaba China Ltd (Suzhou, China) has completed the acquisition of the Commercial Building Physical Access Solutions (PAS) business from Beijing-based Cambaum Group. The integration of Cambaum Group's product and solution offering (e.g. sensor or tripod barriers, different kinds of turnstiles) strengthens dormakaba's position in the smart commercial buildings market within a number of fast growing major cities in China. Jim-Heng Lee, COO Access Solutions APAC Segment: 'This transaction allows for immediate participation in the growth of the market for commercial smart buildings with a strong, comprehensive offering.'
The transaction includes the transfer of the business team (around 35 employees, including sales, back office, application engineering and maintenance), the installed base, as well as services, and comprises revenues of around 12 million CHF for fiscal year 2017. Based on this transaction, the dormakaba Suzhou plant will establish production capacities and knowhow in order to ramp up assembly of gates and drive units.
The parties agreed to not disclose further financial details of the transaction.
The acquisition is expected to have a positive effect on dormakaba's EBITDA margin and earnings per share both from day one.
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DORMA+KABA Holding AG published this content on 27 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2018 04:44:03 UTC
Dormakaba Holding AG is a Switzerland-based company engaged in the provision of access solutions and systems in the security industry. The Company operates in three business segments: the Access + Data Systems segment products range from mechanical and mechatronic lock cylinders, networked access control solutions, pushbutton locks, digital locking systems, access control and management software, card readers, and hotel locking systems to electronic high-security locking solutions, Automated Teller Machine (ATM) locks, transit and cargo security products, as well as locks and cylinders for Original Equipment Manufacturer (OEM) use; the Key Systems segment offers products, ranging from keys, key blanks and transponder keys to mechanical, electronic and (semi-)industrial key cutting and origination machines, as well as duplication equipment, and Other segment includes operations involving contactless identification systems, which are based on Legic smartcard technology.
DORMAKABA HOLDING AG 
