For this acquisition, KABA Group CEO Cardano said that Probak has established an undisputed leadership position in the field of fingerprint locks in China, which will bring significant growth opportunities for KABA.
The KABA Group has experienced more than 150 years of development. Its products include physical access control systems, key duplication machines and high security lock systems, access control systems and workforce management systems. The business scope covers more than 60 countries and regions around the world. Compared with the mature European and American markets, the Asia-Pacific region is becoming one of KABA's new profit growth points and core markets. The most promising Chinese market is more important for KABA to have a strategic high point . Based on the forward-looking guidance of the strategic vision of deep market development, KABA has made this acquisition an important decision to further deepen China and the Asia-Pacific market and achieve the global integrated development goal of “total channel controlâ€. Cardano said: " KABA has acquired a complete business system, including Probak's brand and market for many years, complete technical background and market channels. This acquisition will help complement and improve KABA's original business system. Further integration into China through Probak's platform, laying a dominant position in the Chinese market and ultimately promoting the KABA global integration process."
The acquisition also brings an international growth starting point and high-level strategic opportunities for New Probak. Under the guidance of KABA's global resource sharing, technology sharing and product sharing, Probak's original business scope can be greatly expanded and will be reshaped as an important platform for KABA's global integration strategy in China. After the merger, the Probak brand name will continue to be used and upgraded internationally, and will gradually introduce more KABA global brands and products, and participate in the international security market competition on a larger platform.
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