Kaba: Acquisition of Møller Undall Group completed

Having obtained all requisite antitrust approvals, today the Kaba Group successfully completed the acquisition, announced on 19 January 2011, of Møller Undall Group. A price of NOK 262.5 million (approximately CHF 43 million) is being paid for the debt-free company.

The Møller Undall Group, based in Drammen (Norway), is one of the largest commercial suppliers of locking systems and door hardware in Norway. It also has branches in Sweden and Denmark. With this purchase, Kaba is significantly expanding its position as the second largest provider of locking systems in Scandinavia, and tripling its selling power in the region.