Dormakaba
Swiss security company
From Wikipedia, the free encyclopedia
dormakaba Holding AG (former Kaba Holding AG) is a global security group based in Rümlang, Switzerland, formed as the result of a merger between Kaba and Dorma in September 2015. It is publicly traded on the SIX Swiss Exchange.[6]
 | |
| 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 | 2.87 billion CHF (2024/2025) [3][4] |
Number of employees | 15,346 (2024/25) [5] |
| Website | www.dormakabagroup.com |
History
Origins
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.[7]
In 1908, Dörken & Mankel KG was founded by Wilhelm Dörken and his brother-in-law Rudolf Mankel in Ennepetal.[8] Dörken & Mankel KG was later known as Dorma.
In 1995, Bauer Holding AG was renamed to Kaba Holding AG, and the company's shares were listed on the Zurich stock exchange.[citation needed]
With the takeover of Unican Security Systems in 2001,[9] Kaba gained a foothold in North America and added the Silca, Ilco and Kaba Mas brands as part of the merger.[citation needed]
In 2006, the company acquired the Wah Yuet Group in China,[10] the US company Computerized Security Systems (CSS) with its well-known Saflok and La Gard brands,[11] and the Dutch company H. Cillekens Zn. B.V. In addition, it entered into various joint ventures with the Indian Minda Group.[citation needed]
In 2011, Kaba sold its Door Automation branch to the Japanese Nabtesco Group.[12]
Merger
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.[13][14]
Operations
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.[15]
Brands
dormakaba operates with the following brands worldwide:
- dormakaba
- Dorma Hüppe
- Silca
- Ilco
- BEST
- Kilargo
- Modernfold
- Probuck
- Skyfold