dormakaba Acquires Azure Access and Apollo Security
A new acquisition in the US access control market brings Azure Access Technology and Apollo Security under dormakaba, as the group continues its expansion in North America. According to an analysis by Memoori, this is dormakaba’s 12th acquisition in the past 18 months and the first to significantly change its approach to selling access control solutions in the US. The move forms part of a broader strategy to increase the company’s North American revenue to CHF 1 billion by fiscal year 2027/28.
Founded in 2019 in Newport Beach, California, Azure Access develops electronic access control hardware for the US commercial market. Its open-architecture controller platform enables original equipment manufacturers (OEMs) and software providers to flexibly integrate and customize their solutions. Apollo Security, which operates under ADME Inc. and is also based in Newport Beach, was founded in 2008 and manufactures access control and integrated security systems. Together, the two companies employ around 30 people and serve access control companies worldwide.
Although relatively small in scale, Memoori believes the acquisitions carry greater strategic significance by giving dormakaba more direct access to the US access control ecosystem and creating additional opportunities for growth. The deal therefore fits into the company’s accelerated M&A strategy in North America, where it still needs to close a revenue gap of approximately CHF 278 million to reach its CHF 1 billion target.
