21/12/16 - dormakaba to acquire Mechanical Security businesses from Stanley Black & Decker
dormakaba Holding AG (based in Rümlang, Switzerland) submitted consolidated financial statements and a Group Management Report for the 2015/2016 financial year (from 1 July 2015 to 30 June 2016) to the German Federal Gazette today.
dormakaba has satisfied the conditions necessary in order to complete the acquisition of Mesker Openings Group, and has closed the transaction effective 12th December 2016.
dormakaba has signed an agreement to acquire US-based Mesker Openings Group and expects to close the transaction in 2016 upon the satisfaction of customary closing conditions. With the consummation of the acquisition of Mesker, a leader in the commercial door and hardware industry in the USA, dormakaba will increase the breadth of its product offering in North America.
dorma+kaba increases sales and profitability – unchanged dividend of dorma+kaba increases sales and profitability – unchanged dividend of CHF 12 per share proposed
The dorma+kaba Group is systematically laying the foundations at all levels of the organization for sustainable and profitable growth. This includes a higher pace of innovation, more rapid product development and market readiness, a leaner organization, systematic exploitation of synergies from the merger and improved cost structures.
The Capital Market Day being held today by dorma+kaba Group focuses on several key themes: the progress made on the company’s new setup and development, selected business activities, and the integration measures that are supposed to help dormakaba achieve its overriding financial goal of an 18% EBITDA margin as planned for the first time in 2018/2019.
The dorma+kaba Group has secured a CHF 500 million five-year syndicated loan from a banking consortium led by the Zürcher Kantonalbank.
On 1 September 2015 the new dorma+kaba Group was created through the merger of two strong companies. The Group achieved its first successes in its new organization as a combined company during the first months of the 2015/2016 financial year, finishing the period under review with good results.
dorma+kaba Group today published pro forma financial key figures for the combined Group for fiscal year 2014/2015 ended on 30 June 2015 as well as for the first half year of fiscal year 2014/2015 ended on 31 December 2014.