The Swiss electronics group, Saia-Burgess, has acquired German company, Locking Technologies and Devices (LTD).This content was published on November 29, 2000 - 11:42
LTD specialises in the development and production of locking systems, especially door locks for tumble-dryers, washing machines and dishwashers for domestic and industrial use.
Saia-Burgess, which makes micro-switches, sensors and electrical engines, said in a statement: "This acquisition, like the recently announced participation in MiCS, the Neuchatel based sensor manufacturer, is a further step in the expansion of Saia-Burgess' subsystem business."
LTD already uses switches from Saia-Burgess in the production of its locking systems.
Andreas Ocskay, chairman and chief executive of Saia-Burgess, said: "The integration of LTD makes it possible for us to expand our subsystem business further and enter new market segments."
No financial details were released on the deal.
swissinfo with agencies
This article was automatically imported from our old content management system. If you see any display errors, please let us know: firstname.lastname@example.org