Mergers and acquisitions: STI, Omron subsidiary complete deal


Fremont, CA —The merger of Scientific Technologies Inc. and a subsidiary of Japan-based Omron Corp. is complete. As a result, STI shareholders will receive $10.67 a share in cash, and STI will cease to be a publicly traded company. In the transaction, Omron acquired STI’s Safety Products Group (SPG) business while STI sold its Automation Products Group (APG) business to Automation Products Group Inc. , a new company formed by members of the Lazzara family. (Joseph J. Lazzara was president and CEO of STI.) The total transaction values the equity of the company at approximately $110.8 million.

Expressing satisfaction with the completed merger, Lazzara said, “We believe this transaction provides significant liquidity to our shareholders, while providing exciting new platforms of opportunity for our customers and employees. The company’s safety products group is now part of a larger, global company and will operate under the name of Omron Scientific Technologies Inc.,” Lazzara explained.

Fumio Tateisi, executive vice president of Omron Corp. and president of Omron’s industrial automation business, added that the company looks forward to “being able to offer a wider range of cutting-edge safety products and consultancy services to our industrial-safety customers.” STI’s safety products group will remain in Fremont.

The APG unit will continue to operate out of its Logan, UT, facilities under the private ownership of the Lazzara family.

For prior coverage from Control Engineering on this topic, read: “ Omron enters safety device market with STI acquisition.

Control Engineering Daily News Desk
Jeanine Katzel , senior editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me