DORMA and KONE to cooperate in the international service business
Cooperation agreement provides for launch in Germany and Finland as pilot markets
Ennepetal. The international door systems supplier DORMA and the listed Finnish manufacturer of elevators, escalators and container and materials handling systems KONE have agreed a strategic alliance in relation to the service business for automatic doors. As DORMA CEO Dr. Michael Schädlich announced, DORMA and KONE have identified an opportunity for more effectively satisfying what is growing international demand for a combined product and service portfolio based on a single-source supply capability. The two companies therefore see significant advantages in co-operating and exploiting their mutually complementary competencies and service portfolios.
"In addition to its service network, DORMA will be able in future to collaborate with the global KONE network, and thus reach significantly more customers with an integral product and service package," explained Dr Schädlich. In DORMA, KONE has a world class technology partner capable of significantly strengthening the performance capability of KONE's "Building Doors" division, particularly in the replacement and spare parts business. In addition, the combination of resources of the two companies offers an outstanding platform for the successful management of major projects such as airports.
As the markets in the construction-related business traditionally exhibit major national differences (specifications, distribution structures, etc.) and thus require differentiated business models, DORMA and KONE will initially launch the alliance in Germany and Finland as pilot markets. The cooperation is then to be successively expanded into further markets.
This cooperation agreement will not result in any changes under company law at either DORMA or KONE.
The KONE Group
KONE is a listed Finnish service and technology company active on an international scale and domiciled in the Helsinki area. The core businesses of the KONE Group are elevators and escalators, including a global service network, plus container and materials handling systems. With 35,000 employees worldwide, KONE realises annual net sales in the region of € 5.5 billion. In the service business alone, the company generated sales of around € 129 million in 2003 through the maintenance of around 220.000 automatic, industrial and garage doors.
The DORMA Group
DORMA is a globally active supplier of door technology systems and is world market leader in the door control and room partition sectors. With segmental sales of approx. € 190 million, the "Automatic" division that forms part of DORMA’s core business is the number one in Europe and the number two worldwide in the production and maintenance of automatic doors. DORMA is subdivided structurally into five divisions: Door Control, Automatic, Glass, Security/Time and Access Control (STA), and Movable Walls. The DORMA Group maintains major production plants in several European countries plus Singapore, Malaysia, China and North and South America. The Group realised sales of € 663 million in fiscal 2002/3 (June 30). DORMA has an international workforce of around 5,600 employees. The DORMA Group headquartered in Ennepetal, Germany, operates on an international scale with 70 wholly-owned companies in 44 different countries.
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