The following table summarizes all considerations paid for businesses, as well as the assets and liabilities acquired and recognized at fair value as at the acquisition date for the 2025/26 financial year and 2024/25 in comparison.
|
CHF million |
|
Financial year ended 30.06.2026 |
|
Financial year ended 30.06.2025 |
|
|
|
Total |
|
Total |
|
Total consideration |
|
86.3 |
|
5.9 |
|
Cash paid |
|
81.1 |
|
2.9 |
|
Deferred and contingent payment |
|
4.0 |
|
2.9 |
|
Acquisition-related costs |
|
1.2 |
|
0.1 |
|
Identifiable assets and liabilities |
|
3.2 |
|
1.3 |
|
Cash and cash equivalents |
|
5.3 |
|
0.3 |
|
Trade receivables |
|
3.4 |
|
1.0 |
|
Inventories |
|
1.5 |
|
0.3 |
|
Other current assets |
|
0.9 |
|
–0.2 |
|
Property, plant, and equipment |
|
0.5 |
|
0.7 |
|
Intangible assets |
|
0.2 |
|
0.0 |
|
Trade payables |
|
–2.1 |
|
–0.2 |
|
Current income tax liabilities |
|
–0.6 |
|
–0.2 |
|
Accrued and other current liabilities |
|
–5.2 |
|
–0.4 |
|
Non-current borrowings |
|
–0.6 |
|
0.0 |
|
Accrued pension costs and benefits |
|
–0.1 |
|
0.0 |
|
Goodwill 1 |
|
83.1 |
|
4.6 |
1 Goodwill is capitalized or adjusted within intangible assets and disclosed in the note on property, plant, and equipment/intangible assets (2.3).
In the 2025/26 financial year, dormakaba acquired businesses generating net sales of CHF 24.5 million between 1 July 2025 and 30 June 2026, of which CHF 8.8 million is included in dormkaba's consolidated accounts.
On 1 July 2025, dormakaba acquired TANlock GmbH, a German provider of high-security access solutions for data centers and critical infrastructure, based in Georgensgmünd, Germany. This acquisition supports dormakaba's vertical market strategy in data centers and is expected to strengthen growth opportunities, particularly through leveraging the Group's global sales network. The transaction has contributed CHF 2.1 million to net sales in the current financial year.
On 3 January 2026, dormakaba bought Avant-Garde Systems Inc., one of the largest independent US solution providers for entrance systems control products, based in Clarksville, Indiana (USA). This acquisition represents a core-in-the-core acquisition, strengthening dormakaba's North American go-to-market in access automation solutions. Avant-Garde Systems Inc. contributed CHF 4.2 million to net sales in the current financial year and generated net sales of CHF 5.2 million from 1 July 2025 until the acquisition date.
On 18 May 2026, dormakaba closed the acquisition of Airsphere GmbH, an international software company specialized in passenger management systems for airports, based in Seefeld, Germany. Through this acquisition dormakaba is strengthening its market position in the airport sector with a clear focus on North America and expanding its portfolio to include established software solutions for the automation of passenger and visitor processes. Airsphere GmbH contributed CHF 1.4 million to net sales in the current financial year and generated net sales of CHF 5.1 million from 1 July 2025 until the acquisition date.
In the previous year, dormakaba acquired Montagebedrijf Van den Berg B.V. (“Van den Berg”), based in Bunschoten (NL), as per 1 January 2025. The acquisition strengthens dormakaba’s airport vertical in the Dutch market by adding project and service competencies.
|
CHF million |
|
Financial year ended 30.06.2026 |
|
Financial year ended 30.06.2025 |
|
|
|
Total |
|
Total |
|
Total consideration |
|
1.3 |
|
2.4 |
|
Cash consideration |
|
1.0 |
|
1.3 |
|
Deferred expenses/payment |
|
0.4 |
|
2.6 |
|
Divestment-related costs |
|
–0.1 |
|
–1.5 |
|
Assets and liabilities divested |
|
0.0 |
|
4.5 |
|
Cash and cash equivalents |
|
0.0 |
|
0.6 |
|
Trade receivables |
|
–0.3 |
|
2.2 |
|
Inventories |
|
0.0 |
|
2.5 |
|
Other current assets |
|
0.0 |
|
0.7 |
|
Property, plant, and equipment |
|
0.0 |
|
1.7 |
|
Deferred income tax assets |
|
0.0 |
|
0.1 |
|
Trade payables |
|
0.0 |
|
–1.6 |
|
Accrued and other current liabilities |
|
0.3 |
|
–1.1 |
|
Non-current borrowings |
|
0.0 |
|
–0.4 |
|
Deferred income tax liabilities |
|
0.0 |
|
–0.2 |
|
Effects from divestments |
|
1.3 |
|
–2.1 |
|
Amortization on goodwill |
|
0.0 |
|
0.6 |
|
Result from sale of subsidiaries 1 |
|
1.3 |
|
–2.7 |
1 Included in other operating expenses.
In the 2025/26 financial year, dormakaba continued to optimize their business portfolio, resulting in an overall divestment of discontinuation of business with net sales of CHF 23.7 million (prior year: CHF 35.8 million). The major portion relates to the conversion of the Russian operations into a representative office during the reporting period. The Group's Russian operations contributed CHF 22.6 million to net sales in 2025/26, compared to CHF 33.6 million in the prior year.
The main items of prior year portfolio optimization include the divestment of its operations in Kuwait and South Africa, as well as the sale of the Entrance System Automatics (ESA) service business in the United Kingdom.