dormakaba has signed an agreement to acquire Alvarado Manufacturing.

dormakaba has signed an agreement to acquire Alvarado Manufacturing, based in Chino. Alvarado is a leading manufacturer of physical access solutions in North America such as speed gates, turnstiles and other admission devices with a focus on office, commercial and government buildings, as well as sports, leisure and entertainment facilities. Financial terms were not disclosed. Combined with its own physical access solutions business, dormakaba will achieve one of the leading positions in the respective market in North America. The acquisition offers a good strategic fit to dormakaba with a widely complementary customer base and the suitable local product offering.