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Dorma announces agreement to acquire Kuwait's Door Service Center

Post Time:Nov 22,2011Classify:Company NewsView:438

 

Dorma, the trusted global partner for premium access solutions and 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 €944.4m 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% 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.

 

Source: http://www.usgnn.comAuthor: shangyi

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