dormakaba Holding AG — M&A Activity 2022

Aug 3, 2022

News Details

Corporate | 3 August 2022 08:00

dormakaba strengthens services and maintenance business in the Netherlands through acquisition of Alldoorco

dormakaba has completed the acquisition of Alldoorco in August 2022. The acquisition is another step to strengthen the company’s core business in the important Dutch market.

Alldoorco is a well-known company specializing in the maintenance, repair, and new installation of industrial door systems. With its high level of technical expertise in door solution services, the company is ideal complement to dormakaba’s existing offering in the Dutch market. Founded in 1983, Alldoorco is based in Nijkerk and employs around 20 people.

“We are pleased to welcome Alldoorco and its highly qualified, motivated employees to dormakaba. Alldoorco is one of the Netherlands’ leading providers of technical expertise for the service and maintenance of door solutions. By joining forces now, we can expand our market access and further drive our growth strategy,” says Chris Van Den Luitgaarden, General Manager dormakaba Nederland.

Alldoorco generated mid-single-digit million sales in Swiss Francs in the 2021 financial year. The parties have agreed to not disclose further financial details of the transaction.