SIX-listed Kaba Holding AG (Kaba) and family-owned Dorma Group (Germany) plan to merge and become the dorma+kaba group. A corresponding transaction agreement was signed on 29 April 2015 and was fully supported by the family shareholders of both companies. Upon completion of the merger, Kaba will contribute its operational business into Dorma Holding GmbH + Co. KGaA and will receive a 52.5% controlling stake thereof. Kaba will then be renamed dorma+kaba Holding AG. As the SIX-listed holding company and domicile of the new group, it will be responsible for the company’s strategic, operational and financial leadership and will fully consolidate the combined business.

Once the transaction is complete, the combined companies would create a global top 3 group in the security and access solutions market with pro-forma sales of over CHF 2 billion, around 16,000 staff and locations in 53 countries. The transaction has been approved in an extraordinary general meeting on 22 May 2015 by the shareholders of Kaba. However, the merger remains subject to approval from relevant antitrust authorities.