RUMLANG, Switzerland – dormakaba has acquired Airsphere GmbH, an international software company specializing in passenger management systems for airports, according to a joint announcement.
Through this acquisition, dormakaba “strengthens its market position in the airport sector and expands its portfolio to include established software solutions for the automation of passenger processes, airport logistics and critical infrastructure security,” the announcement says.
Founded in 2010 and based in Seefeld, Germany, Airsphere offers a portfolio of software solutions focused on the automation of passenger processes. Airsphere’s products are deployed at more than 250 airports worldwide.
Leading international airports across the globe, including London Heathrow, Munich, Frankfurt, Amsterdam, Beijing, Newark, Orlando, Vienna, Zurich, Singapore, Hong Kong and Bangalore, use Airsphere’s products, according to the joint announcement.
Airsphere’s eGate software is currently deployed in more than 8,000 eGates at airports worldwide and more than 1 billion passengers are processed through Airsphere each year.
With a team of about 20 employees, Airsphere will “continue to operate independently in the market, supporting both dormakaba customers and its own established client base,” according to the joint announcement.
Why Did dormakaba Acquire Airsphere?
Till Reuter, CEO of dormakaba, highlights the strengthening of the operating business through the Airsphere acquisition.
“We are delighted to welcome Airsphere into our group,” he says in the joint announcement. “This acquisition strengthens our global business in the airport sector. Airsphere has a broad product portfolio that fits very well with dormakaba.
“Our goal is to further improve passenger processes at airports and airlines through increased efficiency,” says Reuter in the joint announcement.
dormakaba expects the transaction to be accretive to Group EPS from day one. The parties have agreed not to disclose further details and the financial terms of the transaction.
dormakaba closed the acquisition of Airsphere GmbH on May 18.
