Founded in 2003, Kinlong is based in Guangdong, China. The stock-listed company is the leading public company in the construction hardware industry in China and employs around 16,000 people. With the joint venture, Dormakaba and Kinlong combine their strengths to enhance their positioning and expand customer access in the local hospitality market using the brand “Biosure”. The local Chinese hotel segment is expected to grow by double digits over the coming years. The proven product expertise of Dormakaba in the hotel lock segment, combined with Kinlong's extensive sales network, experience in the local market, and comprehensive hospitality solutions offering, will drive the joint venture's success.

Till Reuter, CEO Dormakaba, says: “We are delighted to partner with Kinlong in this joint venture. The collaboration aligns perfectly with our local-for-local strategy for China, driving further growth through an extended go-to-market and reinforcing our leadership in the local hospitality market, which remains one of our focus verticals.”

The parties have agreed not to disclose further details and the financial terms of the transaction.