- April 25, 2006
- Omron Automation & Safety
- OMRON Automation & Safety
OMRON Corporation (TSE: 6645, ADR: OMRNY) and Scientific Technologies Incorporated ('STI'; NASDAQ: STIZ) today announced that they have entered into a definitive agreement under which OMRON will acquire STI for $94 million plus net cash and working-capital adjustments. The transaction, which does not include the purchase of STI's Automation Products Group ('APG'), was approved by both companies' boards of directors.
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