The New $2 Billion Access Giant: dorma+kaba

By: Brian Rhodes, Published on May 01, 2015

The plan to merge two second-tier door hardware and access control companies may give birth to a new giant. Europe-based Dorma and Kaba plan to join forces and instantly challenge the scope and depth of the biggest incumbents in the market.

What does this announcement mean for the global locks and access market? We analyze the deal in this note.

*** **** ** ***** two ******-**** **** ******** and ****** ******* ********* may **** ***** ** a *** *****. ******-********** *** ******** ** **** ****** and ********* ********* *** scope *** ***** ** the ******* ********** ** the ******.

**** **** **** ************ mean *** *** ****** locks *** ****** ******? We ******* *** **** in **** ****.

[***************]

New ****** *****?

*** *** ******* **** be ****** ****** "*****+****", evidently ***** ***** *** with ** ******.

** *********** ************ *** *** deal, ***** ******** *** the ****** ********* ** listed **** $* ******* USD. **** ****** *** newly ****** '*****+****' ***** as *** #* ******* grossing **** ******** *** physical ****** ******* ************ worldwide.

Financial **********

*** ******** ******* ** being ****** ** ******** under ** ******* ** ~$4 ******* ***, ***** on *** ********** ********* being ****** ** **-*** EBITDA.

****'* *** ** ********** high *********, *******, ** reflects *** *** ****** rate ******* *** **** companies ************ ** ***** in **** **-**** *****:

******, **** ***** *******, the ******** ******* ** only ********* ****** ****** growth ** *** *-*% range.

************, *** ********* *** ******* the **** ****** ******* (~1 ******* *****) *** gross ******* ** *** low ** *** ***.

Company ********

**** ********* *** **** established ** *** ******, with ****** ************* *****-************* *** *********, ******** more **** * ******* in ******** ****. ** terms ** *** ***** American ******, ***** ** a ******** '********' ******** **** ** ******* ******** ********* ****** **** *****.

**** ** * ********* of ***** ******** *****:

** *******, *** ****** focus ** *** ********* have ********:

  • ****: **** * ****** dealer *******, ****'* ********* are ********* **** ** maintenance/replacement ******** ***** ** as ******** ** ** existing ********.
  • *****: ** ******** ** the *********** *** *****-****** focus ** ****, ***** has **** ********** ********** in *** *** ************ and ******** ******** *******.

*** ******** ******* ****** to **** ******* ******** to ********* ***** ** hardware *** ****** ******* buyers.

*********

******** **** ********* *** more ******** ** ****** seeking ***-**-*** *********. *** example, ***** ***** *** been **** ** ********** access, **** *** ********, recently ********* ********* ************ *******(****** *******) *** *** (electrified ***** *** ***********).

** *** ****-*** ************* hardware *** ******* ******** market, ***** **** ******** and ******-***** ******* ** Kaba's **** *********** ******** designs.

*** ***** ** *** product ********* *********** ***** a '*****+****' ****** **** be **** ** *** on **** ** *** same ******** **** ********** were **** ******* *** Assa ** ******** ******.

********

*******, *** **** **** not ********* *******. ** contrast ** **** *** Allegion, *** ******** '*****+****' group **** ***** **** a **** ******* **** of *&* **** *******. In *** ******** ******** market, ************ ******** ** ************* writing *** **************** *** ** *** primary ******* ** ******* business.

Market ******

************, **** *** ******** dealers **** *********** ******** against **** **** *****. This ****** ***** ****** the ******** ** ******* big ******.

***** ***** ********* ******* have ********** **** ****** regional ***** ********* ************, both ***** *** **** are **** ******* **** opening *** *******. *** merger ***** *********** *** propagation ** * ****** sales ******* *** **** companies **** **** ***** achieve **********.

Comments (1)

The new company will be called simply "dorma+kaba", evidently lower cased and with no spaces.

Not impressed with the new behemoth's first decision, since dorma+kaba.com is not a legal domain name and the "+" symbol may cause search engine confusion.

And at the same time doorknoba.com is unregistered.

Nice article though!

Read this IPVM report for free.

This article is part of IPVM's 6,429 reports, 865 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Proxy Raises $42 Million on Mar 17, 2020
Startup Proxy has raised $42 million, an astounding amount for the access...
Dormakaba Presents Switch Tech Smartlocks on May 01, 2020
Dormakaba presented its Switch Tech smartlock at the April 2020 IPVM New...
Milestone Launches Multiple Cloud Solutions on Feb 18, 2020
Milestone is going to the cloud, becoming one of the last prominent VMSes to...
The Insecure Verkada Access Control System on Jun 25, 2020
While Verkada touts the security of its system and that how their new door...
Sequr Presents HID based Cloud Access Control on Jun 04, 2020
Sequr presented HID based Cloud Access Control at the May 2020 IPVM Startups...
Bosch Moving Commercial Alarms Manufacturing Out of China on Apr 21, 2020
Bosch is moving commercial alarms production ~6,000+ miles out of China and...
PSIM CNL Acquired By Everbridge on Mar 09, 2020
The end has finally come for CNL. Despite for years saying they would...
ISC West 2020 Moves To The Basement on May 29, 2020
The twice cancelled/postponed show will now not only be held in a different...
Leica Launches LIDAR / Thermal / IP Camera on Mar 04, 2020
Swiss manufacturer Leica is launching what it calls a "real-time reality...
Cisco Acquiring Fluidmesh on Apr 09, 2020
Cisco announced it is acquiring niche wireless manufacturer...
Asylon Presents All-Weather Automated Security Drones on Jun 18, 2020
Asylon presented its All-Weather Automated Security Drone, the DroneCore, at...
Proxy Presents Mobile Credentials For BLE Devices and Access on May 29, 2020
Proxy presented Mobile Credentials For BLE Devices and Access at the May 2020...
Worst NVR / VMS Manufacturers 2020 on Feb 10, 2020
For the second time in a row, a global manufacturer has been selected by...
ISC West 2020 Finally Cancelled on Jun 25, 2020
ISC West has now been cancelled for the third time, now for all of...
Bosch Dropping Dahua on Feb 13, 2020
Bosch has confirmed to IPVM that it is in the process of dropping Dahua, over...

Recent Reports

Google Invests in ADT, ADT Stock Soars on Aug 03, 2020
Google has announced a $450 million investment in the Florida-based security...
US Startup Fever Inspect Examined on Aug 03, 2020
Undoubtedly late to fever cameras, this US company, Fever Inspect, led by a...
Motorola Solutions Acquires Pelco on Aug 03, 2020
Motorola Solutions has acquired Pelco, pledging to bring blue back and make...
False: Verkada: "If You Want To Remote View Your Cameras You Need To Punch Holes In Your Firewall" on Jul 31, 2020
Verkada falsely declared to “3,000+ customers”, “300 school districts”, and...
US GSA Explains NDAA 889 Part B Blacklisting on Jul 31, 2020
With the 'Blacklist Clause' going into effect August 13 that bans the US...
Access Control Online Show July 2020 - On-Demand Recording of 45+ Manufacturers Presentations on Jul 30, 2020
The show featured 48 Access Control presentations, all now recorded and...
Face Detection Shootout - Dahua, Hanwha, Hikvision, Uniview, Vivotek on Jul 30, 2020
Face detection analytics are available from a number of manufactures...
Sunell is The First China Manufacturer to Market NDAA Compliance on Jul 30, 2020
Most China manufacturers are going to be impacted by the NDAA 'Blacklist...
Ink Labs Relabels China YCX Fever Camera And Steals Dahua's Marketing on Jul 30, 2020
A US company marketed a 'thermal temperature scanner' as its own, selling...
Genetec and Dahua-Backed Intelbras Split Examined on Jul 29, 2020
China is the cause of the breakup between Canada's and Brazil's largest video...
This YouTuber is Now Selling ThermoHealth Temperature Screening on Jul 29, 2020
An enterprising 20-year old is mass marketing medical devices on Facebook and...
Hikvision Returns To Growth Driven By Overseas Fever Cameras on Jul 29, 2020
While Hikvision's revenue fell in Q1 2020, it rebounded in Q2 attributed to...
Brazil's Biggest Domestic Surveillance Company Intelbras Profile on Jul 29, 2020
While Intelbras is not widely known outside of Latin America, Intelbras is a...
The Kiosk Market Pivots To Temperature Screening (Interviewed) on Jul 28, 2020
Video surveillance is not the only market that has pivoted to medical device...
Integrator Acquisitions 'A Good Market' During COVID-19, Says Greybeards on Jul 28, 2020
Industry broker Ron Davis of the "Greybeards" says that the integrator and...