dormakaba News

dormakaba completes divestment of its Kuwait business

Thursday, February 20, 2025

Rümlang, 20 February 2025 – dormakaba has signed an agreement to sell the dormakaba Kuwait for Ready Made Windows LLC (“dormakaba Kuwait”) to the local management team. The transaction has closed on 19 February 2025. The parties have agreed not to disclose the financial terms of the transaction. 

The company remains committed to the market and its customers. Effective after closing, the local management team took ownership of the service business activities in Kuwait and will act as the premier service partner in the country. Under the new ownership, the business will operate as Dormatic Kuwait. The transaction is in line with dormakaba’s strategy to focus on its core markets and reduce complexity.

Further information for:  
   
Investors Media
Swetlana Iodko Schoordijk Patrick Lehn
Head Investor Relations Press Officer
T: +41 44 818 90 28 T: +41 44 818 92 86
swetlana.iodko@dormakaba.com patrick.lehn@dormakaba.com