Dormakaba strengthens Services business in France by acquiring Fermatic Group
November 05, 2021 at 11:32 am IST
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Rümlang, 5 November 2021 - dormakaba France has completed the acquisition of Fermatic Group, a renowned provider for services for automatic doors and gates in France.
Fermatic Group (Fermatic) provides services, repair and installation of automatic doors, automatic gates, and automatic garage doors. Fermatic is primarily operating in the multi-housing market in the North-West of France and serves also other verticals such as Offices, Retail and Public Buildings. With its well-trained and skilled technical workers, the company enjoys a strong reputation with its significant long-term customer base. Fermatic is based near Paris and has around 190 employees. The company generated sales of close to 30 million Swiss francs in the financial year 2020/21.
"The acquisition of Fermatic and its highly complementary portfolio will further strengthen our Services business in France. In addition to an extended market presence in the Paris area, Normandie and Nantes, joining forces offers various cross-selling opportunities for our Entrance Systems and Electronic Access & Data businesses. Together, we will better support our customers in generating value sustainably over the lifecycle of their buildings", says Sabrina Soussan, CEO of dormakaba.
Laurent Dehan, Co-Owner and General Manager of Fermatic adds: "Our customers increasingly require products and solutions suiting their needs, but at the same time they wish to retain reliable service and advice from an acknowledged player. Fermatic has the same ambition, vision, and values as dormakaba, so it seemed logical to me to join our experience and expertise going forward. This step will provide our customers with a more complete offer, and the Fermatic teams with a new growth perspective."
The parties have agreed to not disclose further financial details of the transaction, which dormakaba expects to be accretive to Group EPS from day 1.
Download Media ReleasePressRelease_Fermatic_EN_final.pdf - 76 KB
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DORMA+KABA Holding AG published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 06:01:06 UTC.
Dormakaba Holding AG is a Switzerland-based company engaged in the provision of access solutions and systems in the security industry. The Company operates in three business segments: the Access + Data Systems segment products range from mechanical and mechatronic lock cylinders, networked access control solutions, pushbutton locks, digital locking systems, access control and management software, card readers, and hotel locking systems to electronic high-security locking solutions, Automated Teller Machine (ATM) locks, transit and cargo security products, as well as locks and cylinders for Original Equipment Manufacturer (OEM) use; the Key Systems segment offers products, ranging from keys, key blanks and transponder keys to mechanical, electronic and (semi-)industrial key cutting and origination machines, as well as duplication equipment, and Other segment includes operations involving contactless identification systems, which are based on Legic smartcard technology.