International 
. Grupo dorma+kaba will be the new name under which the companies specialized in security and access control solutions Kaba and Dorma will be known after completing this week the merger process announced on September 1.
According to information provided by the company, this merger places the dorma+kaba Group within the three main companies in the field of security and access control internationally, with sales of more than 2 billion dollars, an estimated annual growth for 2019 of 6 to 7%, and an EBITDA margin of 18%.
"We are extremely pleased to be able to close the transaction a few months after announcing it. This emphasizes the industrial logic behind the merger as well as how well the product portfolios, geographical presence and value chains of the two companies fit together," says Riet Cadonau, CEO of Kaba and most recently, CEO for Grupo dorma+kaba.
"The merger between Kaba and Dorma will benefit shareholders, customers, partners and employees. The success of business mergers is manifested according to the environment, the resources of the companies, the legal restrictions and business culture, so sufficient attention is being paid to these factors, "says Ramiro Gordillo, Director of Business Development of Kaba Mexico.
For the time being, the operating units will continue to work without modifications, until moving the existing organizational structure to the new fiscal objective, on July 1, 2016, however, the conditional resolutions adopted by the Extraordinary General Meeting have already entered into force.
