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Acquisition expands Dormakaba NA footprint

Dormakaba has signed an agreement to acquire certain Mechanical Security businesses from Stanley Black & Decker for a total consideration of USD 725 million in cash. The transaction encompasses Stanley Commercial Hardware spanning mainly across North America and including a production facility in Taiwan; as well as GMT in China. Sargent and Greenleaf, a safe lock provider that also forms part of Stanley Black & Decker’s Mechanical Security business, is not included in the transaction.

Business News

Vivotek donates expertise to game reserve

The orphanage to protect baby rhinos at the Thula Thula Game Reserve was established some time ago by a team of hard working conservationists and philanthropists including Warren Mc Allister of Protection Through Innovation. However the rudimentary structures of the enclosure needed to be complemented with an advanced IP surveillance technology – a system capable of protecting the orphaned Rhinos around the clock, and providing the staff with vital security assistance.

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