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Kaba buys remaining 20% stake in Wah Yuet Group 

Rümlang, 17 November 2008 – Kaba has purchased the remaining 20% stake in the Wah Yuet Group of China. Having acquired an 80% stake in 2006, this means that Kaba Holding AG is now the 100% owner of the Wah Yuet Group. The parties involved have agreed not to disclose the price paid. 

Based in Taishan City (Guangdong Province) the Wah Yuet Group operates on a site of 280,000 m2 and employs around 3,500 people. Wah Yuet's product portfolio covers a wide range of high-quality mechanical cylinder locks, keys and key blanks. 

 

 

Media releases 2008 

 

For media releases for previous years, please go to the archive

 
November 2008 - Kaba buys remaining 20% stake in Wah Yuet Group  pdf
(PDF-File, 15.99 KB)