Dormakaba Signs Agreement to Divest Sub-Saharan African Business

dormakaba Holding AG has signed an agreement to sell its South African entity, dormakaba South Africa (Pty) Ltd, to the local management team. Pending final approval by relevant authorities, the transaction is expected to close in the coming weeks. Financial terms remain undisclosed. Post-transaction, the business will operate as Access Hardware Holdings (PTY) Ltd and continue as the exclusive dormakaba partner in the region.

According to CEO Till Reuter, this move aligns with dormakaba's strategic focus on core markets and aims at resource maximization and efficiency enhancement. The local management team will retain all current employees, ensuring business continuity. dormakaba's Middle East and Africa market organization will continue to support and collaborate with the new entity.