JOHANNESBURG (03/09/2004) - U.K.-based Blick PLC, which supplies integrated security, communication and time management solutions, has been acquired by The Stanley Works, a worldwide supplier of tools, door systems, security solutions and related hardware for professional, industrial and consumer use.
According to the company, the acquisition represents an exciting new phase in the growth and development of the Blick group of companies, and will see it become part of Stanley Security Solutions. Stanley, a global provider of security solutions, sees this acquisition as a step towards the development and growth of its security solutions platform. It says that through synergies in both companies both Blick and Stanley's positions in worldwide markets will strengthen.
Stefan Oberholtzer, MD of Blick SA, says: "I am very excited about the opportunities ahead. Blick brings a wealth of experience in integrated security, access and time management solutions to the Stanley group, and I am confident that this new partnership will add to our combined success of technological development and product integration opportunities, which will be extremely positive for our customers, employees and partners."
The company says that the addition of Blick is a significant step in building The Stanley Works service and technology infrastructures, and that the addition will drive greater value for Stanley and Blick customers, accelerating delivery of integrated security, access and time management technologies for the evolving market place within its customer base.