Ennepetal/Rümlang, 30 April 2015. At the end of April 2015, when the planned merger of Dorma and Kaba was made public, Riet Cadonau, currently CEO of Kaba Group, and Bernd Brinker, currently CFO of Dorma Group, were already announced as designated CEO and CFO of the future dorma+kaba Group. Another six divisional heads, two heads of shared functions and the head of post-merger integration are planned to become members of the Executive Committee.
The following Executive Committee members have been designated:
The planned appointment of the Chief Manufacturing Officer (CMO) will be announced at a later date.
Riet Cadonau, designated CEO of the dorma+kaba Group, on the planned new Executive Committee: "The merger of Dorma and Kaba is taking concrete form. Nine weeks after the announcement of the merger, we have already largely decided on the designated Executive Committee of the dorma+kaba Group. With this powerful team we will press ahead with the goal-oriented integration of the two companies."
The designated Executive Committee will begin its work once the merger transaction is complete. Subject to approval from the competition authorities, as well as other customary requirements being met, closing of the transaction is expected in the third quarter of 2015. As soon as the merger is complete, the comprehensive preparatory work on integrating Dorma and Kaba will enter the next phase. Taking into account customer and market requirements and the defined synergy objectives, existing organizational structures will be transferred to target structures in regional/country-specific phases scheduled for completion by 1 July 2016.
Detailed information about the designated members of the Executive Committee of the future dorma+kaba Group, as well as the organization structure, can be found in the attachment and on www.dorma.com.
Press Contact Dorma Group
|DORMA Holding GmbH & Co. KGaA|
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DORMA is the trusted global partner for premium access solutions & services enabling better buildings. With over 100 years of tradition behind it, the company offers holistic solutions covering all facets of door operability – from hinges, closers and floor springs to automatic door systems and time & access control solutions. DORMA also supplies horizontal sliding wall systems. Headquartered in Ennepetal, Germany, the internationally active DORMA Group is represented in more than 50 countries and employs some 7,200 people worldwide.
With its innovative products, systems and services, globally active technology group Kaba is a leading provider of high quality access management solutions, keys, cylinders, physical access systems, enterprise data and time recording, and hotel access systems. The group is also a global market leader for high security locks, key blanks, transponder keys and key manufacturing machines. The stock exchange-listed group (KABN and KABNE) employs around 9,000 people in more than 60 countries. For more than 150 years Kaba has set trends in security and beyond in terms of functionality, convenience and design – and always with a focus on optimum value to customers.
Dorma Group and Kaba Group, based in Rümlang (Switzerland) have announced the merger of their businesses. Pending approval from the competition authorities, and subject to the other standard conditions, this should happen in the third quarter of 2015. Together, dorma+kaba will be one of the top 3 global companies in the market for security and access solutions, with pro forma sales of over CHF 2 billion, and around 16,000 employees.
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Kaba®, Com-ID®, Ilco®, La Gard®, LEGIC®, SAFLOK®, Silca® etc. are registered brands Kaba Group. Country-specific requirements or business considerations may mean that not all Kaba Group products and systems are available in all markets.