On June 11 the Bosch Group announced that it has entered into an agreement to acquire CST/berger from The Stanley Works portfolio. The parties expect to complete the transaction, which is subject to regulatory and other approvals, in the next few months.
The Bosch Group is a leading supplier of automotive and
industrial technology, consumer goods and building technology with sales of
$63.2 billion USD in fiscal year 2007 and over 271,000 employees worldwide.
The acquisition of CST/berger by Bosch Power Tools division
will create a vibrant measuring tools business that will enable us to continue
growing with innovative products to meet the needs of all our customers. The
new ownership will provide a platform for significant brand expansion and a
broader product portfolio.
As soon as the transaction is completed we will begin the
process of combining the strength of the CST/berger and Bosch measuring tool
programs. Both companies have a deep heritage and unyielding commitment to our
customers, and we intend to continue delivering on that commitment through this
has a new domain on the web-
www.cstberger.com. This is our new home and
will begin showing up in all media.
We will continue using
Bosch Group Acquires CST/berger
July 9, 2008