Kaba increases its investment in India

Kaba increases its investment in India

Rümlang- Kaba took a 49% stake in a joint venture with Dorset Group in 2007. By acquiring another 25% of the shares, Kaba is now increasing its stake in the joint venture to 74%. As part of the transaction, Dorset Kaba will take over from Dorset Group the businesses of Mars Industries Pvt Ltd., Dorset India Pvt Ltd. and Modtech Industries. This gives Kaba three production sites and four regional offices in India serving a broad distribution network. This direct access to the Indian market will boost sales in this promising growing market. Dorset Kaba employs around 1,000 people and achieves annual sales of CHF 22 million. The parties have agreed not to disclose the purchase price. Agreements have been signed and closing is expected in July.
Source: Kaba (Link to full release)

About the author

Amitabh Arora

Amitabh Arora

Amitabh Arora has more than 18 years of experience promoting foreign direct investments (FDI), trade and economic relations between India and Switzerland, South Korea, United Kingdom and Canada. He is currently working as Director Key Accounts at the Greater Geneva Berne area (GGBa), the economic development agency of western Switzerland. GGBa offers a comprehensive range of services at no charge to foreign companies seeking to establish a presence in Switzerland. He is also the founder of FDITracker.com, tracking FDI developments worldwide. Amitabh has a Masters in International Business from the Indian Institute of Foreign Trade (IIFT) and a Bachelor of Business Studies (BBS) from College of Business Studies, India.

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