The global site of the UK's leading magazine for automation, motion engineering and power transmission
23 April, 2018

Product and Supplier Search

Facebook

Omron buys STI to triple its safety business

01 April, 2006

Omron is buying the safety products group of California-based Scientific Technologies Incorporated (STI), for $94m, plus cash and working-capital adjustments. Omron predicts that the acquisition will help to triple the size of its safety business from •10bn (£48m) last year to •30bn (£144m) by 2008. The deal excludes STI`s automation products group.

Omron says that it already leads the Japanese safety devices market and that the new acquisition will make it a major player in the $940m global market for these products, which is expanding at about 15% a year.

Last year, Omron`s Industrial Automation Business (IAB) established a dedicated safety devices division and this is already offering an expanded range of safety components, networks and consulting services. It says that STI`s portfolio of safety light curtains, laser scanners and related products will further enhance its line-up, and accelerate the development of new products.

"Together, Omron IAB and STI will create a global safety equipment supplier of safety, sensing and control technologies that satisfies customers` demands for, not just labour productivity, but also product quality, employee safety, and environmental friendliness," says IAB president, Fumio Tateisi. "By acquiring STI, we will be able to offer a wider range of cutting-edge safety products and consultancy services to our customers."




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2018The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 10-12 April, 2018. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles