dormakaba signs agreement to sell local time and access control solution in Brazil
Wednesday, July 16, 2025
Rümlang, 16 July 2025 – dormakaba signed an agreement on 25 June 2025, to sell Forponto Informática S.A. to Kiza Ltda, part of the RapidoNet Group. With this transaction, dormakaba is divesting its local solution for time recording and access control in Brazil. The distribution of dormakaba's global portfolio remains unaffected by this transaction.
The agreement underscores dormakaba's strategic focus on its core portfolio and core markets. This supports the consistent implementation of the corporate strategy with the aim of reducing complexity, increasing performance, and promoting innovation and growth.
The transaction is expected to be completed in the first half of the new fiscal year 2025/26. The parties have agreed not to disclose the financial terms of the transaction.
| 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 |