Ennepetal, Germany. Following the announcement of the contract concerning the acquisition of 40 percent of the shares in the Italian family business ISEO on October 16, 2012, the official and notarized closing has now been completed.
After approval of the transaction by the German Federal Cartel Office, both companies officially sealed their cooperation in Milan on December 3. Oliver Schubert, Chief Operations Officer, and Mario Dreismann, Vice President Group Marketing & Sales (both DORMA Holding), were appointed to the administrative board of ISEO Serrature S.p.A. with immediate effect.
Together with Evaristo Facchinetti, Majority Shareholder and Chairman of the ISEO administrative board, and Karl-Rudolf Mankel, Managing Shareholder of DORMA, Thomas P. Wagner, CEO of DORMA, expressed his delight: “This largest single investment in the history of DORMA represents a further significant step in our efforts to become the trusted global partner for premium access solutions and services”.
Ennepetal, December 10, 2012
DORMA offers high quality as a global partner for premium access solutions and services – conceived and designed to enable better buildings. With more than 100 years of tradition behind it, DORMA has developed in revenue terms into the world market leader in door controls, movable walls and glass fittings and accessories. In the automatics segment too, the company is a member of the world elite. DORMA is also a successful player in the security, time management and access control segment and the number one in Germany for emergency exit control and escape route security systems. DORMA also maintains major production plants in Europe, Singapore, Malaysia, China and North and South America. With an international workforce of around 6,700 employees, the Group realized sales of € 1,001.8 million in fiscal 2011/2012 (June 30). Headquartered in Ennepetal, Germany, the DORMA Group operates on an international scale with companies in more than 50 different countries.