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]
 | |
| Company type | Public |
|---|---|
| SIX: DOKA | |
| ISIN | CH0011795959  |
| Industry | Security technology |
| Founded | 1862 |
| Founders | Wilhelm Dorken, Rudolf Mankel, Franz Bauer |
| Headquarters | Rümlang, canton of Zürich, Switzerland |
Key people | Svein Richard Brandtzæg (Chairman) [1] Till Reuter (CEO) [2] |
| Products | identification, keys, key cutting machines, locks, lodging products, safe locks, workforce management |
| Revenue | 2.85 billion CHF (2022/2023) [3] |
Number of employees | 15,451(2022/23) [4] |
| Website | www.dormakabagroup.com |
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[buzzword] markets – Germany, Switzerland, the UK and Ireland, North America and Australia, which together account for 65% of Access Solutions[buzzword] sales – as well as the two fastest-growing markets in China and India.[7]
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.
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]
dormakaba operates with the following brands worldwide: