STI's Safety Products group has completed a merger with a subsidiary of Japan-based Omron Corporation. Joseph J Lazzara, Vice Chairman of Omron Scientific Technologies, Inc, says: "We believe this transaction will benefit customers by creating a global leader in the industrial safety market, with the resources of a world-class organisation such as Omron and the North American automation safety expertise of STI.
"In addition, Omron's global presence will better enable the company to bring its products to customers on a worldwide basis. Furthermore, this is clearly a win-win transaction, as STI's leadership position in the safety market and our extensive regional sales and distribution channels in North America will further enhance Omron's reach within this important market. We believe this transaction enhances the ability of the Company to live up to its motto of 'making people safe and productive' on a global basis."
Mr Fumio Tateisi, Executive Vice President of Omron Corporation and President of Omron's Industrial Automation Business, adds: "We are very pleased to have completed this transaction and look forward to being able to offer a wider range of cutting-edge safety products and consultancy services to our industrial-safety customers."
From modest beginnings STI has grown to become a leading provider of safety automation products and services in North America, with a significant presence in other regions, such as the UK. As markets become more global, the company says it expects to achieve greater success by becoming part of a larger, global automation supplier organisation in Omron. Together, Omron and STI will be a leading, strategic global supplier satisfying industry's needs for safety, sensing and automation products and systems. The headquarters and operations of Omron Scientific Technologies, Inc will remain in Fremont, California, USA.