Company poised for further expansion in region
DORMA is:
Over 100 years old, DORMA is a global market leader in door controls and glass fittings and is a leading producer in the automatics, movable wall partitions, and security, access & emergency controls systems
DORMA has realized sales of €944.4 million in fiscal year 2010/11 (June 30)
DORMA has a 35% market share in Kuwait as of today
Kuwait, November 20, 2011: DORMA, the trusted global partner for premium access solutions & services, has announced the acquisition of Door Service Centre (DSC), its long-standing distributor in Kuwait. The acquisition deal has obtained necessary regulatory approvals as per the Kuwaiti state laws. With the formal agreement in place, DORMA Kuwait has now been established as a shareholder entity with a full-fledged country office presence in charge of complete operational control of DORMA's strategic business in Kuwait.
DORMA is a world market leader in door controls and glass fittings and is a leading producer in the automatics, movable wall partitions, and security, access & emergency controls systems. The group has realized sales of €944.4 million in fiscal year 2010/11 (June 30).
DORMA has rapidly increased its market share in the Middle East and North Africa over the past seven years and is a market leader in door controls and automatic business with a 35 percent share of the market in Kuwait.
As per the acquisition, DORMA has acquired DSC's Automatic Sales, Maintenance & Service, and Installation & Hardware business as on November 2011. Although, DSC will continue as a producer & supplier of steel and wood doors and remain as a key DORMA customer.
The move will strengthen the DORMA's market position in the region and enable the company to rollout its extensive product portfolio spanning Door hardware, Glass, Automatic, Movable Walls and Security Time Access.
Mr. Ben Shaw, Regional Director, DORMA MENA said in a statement that "DORMA Kuwait's establishment reflects a strategic realignment and bolstering of DORMA's existing sales channels in the country. With this strategic acquisition, DORMA will now offer integrated solutions for all door technology needs of the customers covering the entire unique value delivery processes from project specifications to commissioning and technical support under a corporate brand.
"I would like to express my sincere appreciation to Door Service Centre for its continued patronage of successfully representing DORMA in Kuwait for over 30 years. I am confident that DORMA Kuwait will be instrumental in strengthening DORMA's position in a relatively steady Kuwaiti market and bring in rich, original experience and technical expertise to our customers," he added.
Mr. Mohammed Ali Al- Mahmoud, Senior Manager of Door Service Centre remarked "The acquisition is part of DSC's overall strategy to further penetrate the Kuwait market. We are committed towards growing the company for the benefit of all our suppliers and our dedicated employees, while ensuring to continuously deliver the best possible services to customers in an increasingly competitive market."
With the legacy of a century behind, DORMA the trusted global partner for premium access solutions & services foresee Kuwait as a vital location for construction projects and looks forward to serve the growing needs of the market and at the same time expand its customer base with particular reference to client services and engagement that will enable DORMA to provide value-added technical back-up and customer service and solutions.-Ends-
About DORMA Group
DORMA is a globally active supplier of door technology products and systems. With more than 100 years of tradition behind it, DORMA has developed into the world market leader in door controls, movable walls and glass fittings and accessories. In the automatics segment too, the company is a member of the world elite. DORMA is also a successful player in the security, time management and access control segment and the number one in Germany for emergency exit control and escape route security systems. DORMA maintains major production plants in Europe, Singapore, Malaysia, China and North and South America. With an international workforce of around 6,500 employees, the Group realised sales of €856 million in fiscal year 2009/10 (June 30). The DORMA Group headquartered in Ennepetal, Germany, operates on an international scale with 71 wholly-owned companies in 47 different countries.
About DORMA Gulf
DORMA Gulf is part of globally active manufacturer of door technology systems and allied products. DORMA Gulf set foot on the Middle Eastern shores in the early 70s and worked towards setting new standards across the industry. The company launched a presence in the Middle East with the opening of DORMA Gulf Door Controls FZE in Jebel Ali, Dubai, in 1997 and in October 2007, DORMA Gulf built its regional headquarters around 6,500 square meters at Jebel Ali Free Zone to serve the region's construction sector and meet the growing demand for innovative technology in door and access systems.
Currently DORMA operates 4 companies in the region of which three are based in the UAE and one in Saudi Arabia with branches in 8 cities and a total of 253 staff across the Middle East.
DORMA has over years shown commitment to close customer focus in terms of both product capability and geographical location which has ensured unparallel growth for the company. DORMA Gulf boasts of a truly worldwide network of dealerships, agencies and wholly-owned companies. DORMA Gulf launched DORMA Interior services Division in 2011 as the region first company offering a one-stop solution ranging from Automatics, Partitions, Security, Glass and Door Hardware.
Achieving milestones has been DORMA Gulf's forte and over the years the corporate has been actively involved with the region's leading innovative projects such as the Burj Khalifa, The Dubai Mall, Burj Al Arab, Dubai Metro, Meydan Racecourse, Qatar Convention Centre, Mall of Arabia (Jeddah), Bibliotheca Alexandrina (Alexandria), Emirates Palace Hotel (Abu Dhabi), Abu Dhabi Convention Centre (ADNEC) and others.
About Door Service Centre
Door Service Centre Co. W.L.L. (DSC) is a specialist in the field of Architectural Door and Ironmongery Management and Solutions. Established in 1979, the company has 30 years' experience in providing the latest technology and advanced systems and is the only company in Kuwait which offers complete door solutions for Wood Doors, Steel Doors, Glass Systems, Automatic Doors, Movable Partitions and full range advanced Architectural Hardware Systems.
Note to the Editor: Please ensure all references to DORMA are written in upper case.
For more information, please contact:
Dareen Awwad
Bensirri Public Relations
+965 99981224
dareen@bensirri.com
© Press Release 2011
