Bosch: One Step Closer to World Domination
It looks like Bosch is in the process of acquiring CST/berger, formerly a division of Stanley Tools. CST/berger is known primarily for their laser levels and measuring devices. They make some pretty high class (read: expensive) stuff and their products tend to stay in the 'contractor's only' category. The press release states:
"With this purchase, Bosch is further expanding its product portfolio in the rapidly growing global measuring tool segment, above all in the U.S. market. The transaction is subject to regulatory approvals. The purchase price amounts to 205 million U.S. dollars (roughly 132 million euros)."
Read the press release here.
CST/berger tools at Amazon.com.
Bosch tools at Amazon.com
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Posted by Doug Mahoney at June 17, 2008 5:00 AM