Kaba Door Systems Limited are delighted to announce that they are now part of the Japanese company Nabtesco Corporation and will be known as Gilgen Door Systems UK Limited from 1st April 2011.
The deal worth in excess of 240 million Swiss Francs (approximately £150m) includes Kaba Door Systems, Kaba Gilgen and all other entities of the Kaba Door Automation business unit across Europe and China.
Peter Faerber, Managing Director said “I am very excited about this acquisition; it represents a positive step in the long-term development of our business, opening up opportunities in the USA and Asia. This merger also makes available the technological know-how of a multinational company active in a number of sophisticated business areas”
The complementary characteristics of both companies, ensures that UK customers and suppliers can expect very little change, the legal entity having no impact on existing contracts. It’s a case of business as usual.
Together with the newly acquired company, Nabtesco will turn over £1.1bn and employ 5,000 people in 31 companies throughout South East Asia, USA and Europe. Market leaders, Nabtesco dominate 50% of the Japanese automatic door market and manufacture movement control equipment and components for high-precision instruments for transport, aviation and hydraulics together with robots.
