Kaba Group

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Kaba Holding AG
Public
Traded as SIX: KABN
Industry Security technology
Founded 1862
Headquarters Rümlang, Switzerland
Key people
 Riet Cadonau (CEO)
Ulrich Graf[1]
(Chairman, executive)
Products Access control systems and management, cylinders, identification, keys, key cutting machines, locks, lodging products, safes, safe locks, vaults, workforce management
Revenue 945,2 million CHF (2010/2011) [2]
Number of employees
 7404 (2011)
Website www.kaba.com

Kaba Holding AG is a global security group based in Rümlang, Switzerland, and employing around 7,400 staff in over 60 countries. They are a publicly traded company listed on the SIX Swiss Exchange.[3]

History

The company was founded in 1862 in Zurich by Franz Bauer as a locksmith shop and cash register factory. The firm was sold in 1915 to Leo Bodmer, who renamed the company to Bauer AG. In 1934, the inventor Fritz Schori created the first cylinder lock with reversible key. Bauer AG patented the invention and named the lock after the firm's founder Franz Bauer, known in German as 'Kassenbauer' (maker of cash registers) - in short 'Kaba'.

Over the years, the company gradually expanded its portfolio and established itself throughout Europe. In 1995, Bauer Holding AG was renamed Kaba Holding AG and the company's shares were listed on the Zurich stock exchange.

With the takeover of Unican Security Systems Ltd. (Montreal) in 2001,[4] Kaba gained a foothold in North America and added the Silca, Ilco and Kaba Mas brands as part of the merger

In 2006, the company acquired the Wah Yuet Group in China,[5] the US company Computerized Security Systems (CSS) with its Saflok and La Gard brands,[6] and the Dutch company H. Cillekens Zn. B.V. In addition, various joint ventures with the Indian Minda Group were entered.

At Security 2008, Kaba was awarded the “Security Innovation Award” in gold for its newly developed identification technology RCID.[7][8]

In 2011, Kaba sold the Business Segment Door Automation to the Japanese Nabtesco Group.[9]

In April 2015, Kaba announced a planned merger with German-based Dorma Holding. The new company will be named dorma+kaba and will be operationally based in Rümlang, Switzerland where the headquarters of Kaba Group are located.[10]

Areas of operation

The Kaba Group produces components and systems for securing and organizing access as well as for recording enterprise and personnel data. The company operates with four business segments - Access + Data Systems EMEA/AP, Access + Data Systems Americas, Industrial Locks and Key Systems - providing the following groups of products:

References

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Kaba Spain company review

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