dormakaba Group Strengths, Domain Expertise, and Key Differentiators
Dormakaba's strengths lie in its comprehensive product portfolio, which includes access control systems, door hardware, entrance systems, and electronic access solutions. The company's commitment to innovation is evident in its integration of Cloud-based solutions, IoT-enabled devices, and the exploration of Gen AI to enhance security features and user experience. Dormakaba's global presence and reputation for quality and reliability further reinforce its position as a trusted provider in the access and security industry.
dormakaba Group Recent Developments
Despite potential challenges from impending U.S. tariffs on imports from Canada and Mexico, Dormakaba anticipates continued organic sales growth in the U.S., its largest market. Leadership changes include the appointment of René Peter as the permanent Chief Financial Officer, following the passing of his predecessor, Christina Johansson.
dormakaba Group Mergers and Acquisitions (M&A) Activities
On February 5, 2025, dormakaba announced the acquisition of Montagebedrijf van den Berg B.V. (“Van den Berg”), a move that will enhance its capabilities in the airport sector. The acquisition, effective as of January 1, 2025, will expand dormakaba's project and service expertise in the Dutch market, further strengthening its position in the airport vertical.
In 2024, Dormakaba closed two divestments: the service business for entrance system automatics in the UK was handed over to two external parties, while the Sub-Saharan business in South Africa was sold to the local management teams, retaining exclusive dealership agreements.
In 2022, Dormakaba Group concluded a strategic move by successfully acquiring Atiqx Holding B.V., a significant player in the electronic access control and workforce management sector in the Netherlands. This strategic acquisition is aimed at fortifying Dormakaba's core business and service offerings within the region. Atiqx, renowned for providing tailored electronic access control and workforce management solutions, boasts a strong market presence with a diverse clientele in sectors such as healthcare, transportation, and food. The company, headquartered in Utrecht/Dordrecht, employs approximately 70 professionals and offers cloud-based solutions with a 24/7 services model, generating an appealing recurring Software-as-a-Service (SaaS) income. Dormakaba CEO Jim-Heng Lee expressed enthusiasm about the collaboration, emphasizing Atiqx's deep understanding of the local electronic access control market and their established customer base. The acquisition aligns with Dormakaba's growth strategy, enabling the expansion of market access and scale in both core business and services. While the financial details of the transaction remain undisclosed, the acquisition is poised to enhance Dormakaba's market position and contribute to its overall success.
Dormakaba has acquired the Australian Reliance Doors and Best Doors Australia Groups, thus strengthening its position in door automation and enabling further growth. The group of companies is a well-established provider in the Australian market with reputable brands for residential garage doors, automatic openers, industrial overhead doors as well as related services. This transaction allows Dormakaba to further diversify and expand its footprint into the residential sector of the Australian market by combining the products with integrated solutions for seamless home access.
Dormakaba acquired Alvarado Manufacturing, based in Chino (CA/USA). Alvarado is a leading manufacturer of physical access solutions in North America such as speed gates, turnstiles, and other admission devices with a focus on office, commercial, and government buildings, as well as sports, leisure, and entertainment facilities. Combined with its own physical access solutions business, dormakaba will achieve one of the leading positions in the respective market in North America. The acquisition offers a good strategic fit to dormakaba with a widely complementary customer base and a suitable local product offering.
dormakaba Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying dormakaba Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of dormakaba Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Kaba Mobile, Ambiance, Jay cloud customers.
dormakaba Group Overview
Hofwisenstrasse 24
Rümlang, x, 8153, Switzerland
41 44 818 9011
Ownership: - DOKA (SWX)
Number of Employees: 15427
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Manufacturing, Media, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
dormakaba Group Key Enterprise and Cloud Applications
Kaba Mobile, Ambiance, Jay cloud
dormakaba Group Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
dormakaba Group Revenue Breakdown By Type, $M:
dormakaba Group Enterprise Applications Revenues By Functional Markets, $M:
dormakaba Group Enterprise Applications Revenues By Verticals, $M:
dormakaba Group Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
dormakaba Group Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
dormakaba Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified dormakaba Group Customers
No. of dormakaba Group Customers: 20000
No. of dormakaba Group Enterprise Applications Customers: 1800
No. of dormakaba Group Cloud Customers: x
No. of dormakaba Group Cloud Subscribers: x
The dormakaba b-comm solution is trusted by more than 1,800 customers to safely capture and deliver employee time and labor entries to their ERP systems. Its enterprise-class design facilitates data collection from a variety of devices such as dormakaba Time Clocks, Smart Devices, Telephone IVR, and PC/Web Clocks.
Clients include such industry leaders as Kraft Foods North America, Schneider Electric, BMW, General Electric, and UTC Aerospace Systems, among others.
dormakaba Group Market Opportunities, M&A and Geo Expansions
Dormakaba is expanding its presence in key markets, offering significant growth opportunities. In India, the company is opening a new Customer Experience Center in Delhi by September 2024, complementing existing centers in Mumbai and Bangalore, providing local customers and partners with access to products, solutions, and training. Meanwhile, dormakaba is expanding its operations in Bulgaria by launching a new business services center in Sofia, which will enhance Finance and HR processes. Additionally, the company is establishing a global engineering hub at the same site for product development, software engineering, and testing. This expansion also includes plans to increase capacity at its new factory in Novi Han, offering opportunities for enhanced innovation and operational efficiency.
Dormakaba Group is poised for significant opportunities with the initiation of its transformation program, aligning with the company's Shape4Growth (S4G) strategy. The announced program reflects a commitment to customer-centricity, future resilience, and the realization of mid-term financial targets. The identified opportunities include exploring market potentials both horizontally and vertically, expanding into new regions, and embracing cutting-edge technologies such as Cloud, IoT, AI, and ML. By consolidating global production, optimizing administrative functions, and implementing shared service centers, dormakaba aims to achieve a run-rate cost saving of approximately CHF 170 million by 2025/26. The transformation program, with a focus on boosting network efficiency and shortening time-to-market, will facilitate the establishment of dedicated R&D centers and the reduction of IT complexity. As the company undergoes organizational changes, the CEO, Jim-Heng Lee, emphasizes the commitment to becoming an industry leader with above-market growth. The streamlined structure implemented from July 1, 2023, further underscores Dormakaba's dedication to enhancing innovation capabilities and sustaining growth in its core markets. The program signifies a strategic move towards sequential improvements, reflecting the company's determination to strengthen before expanding further.
dormakaba Group Risks and Challenges
Dormakaba faces several risks, including geopolitical uncertainties, such as the potential impact of U.S. tariffs on imports from Canada and Mexico, which could affect supply chains and cost structures. The competitive nature of the security industry necessitates continuous innovation to maintain market share. Additionally, the integration of advanced technologies like Gen AI and IoT introduces cybersecurity concerns, requiring robust measures to protect against potential vulnerabilities. Economic fluctuations and regulatory changes in different regions also pose challenges to consistent global operations.
dormakaba Group Ecosystem, Partners, Resellers and SI
Dormakaba's ecosystem strategy involves a blend of direct and indirect sales channels, including partnerships with system integrators, value-added resellers, and technology providers. This collaborative approach facilitates the integration of Dormakaba's solutions into broader security and building management systems. By fostering a network of partners and embracing open standards, Dormakaba enhances its ability to deliver comprehensive, scalable, and interoperable solutions that meet the diverse needs of its global clientele.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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