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suki.international
has a new shareholder
Landscheid, May 6,
2010. The shareholders of the suki.international group have sold their
shares to Illinois Tool Works Inc., Glenview/ USA, effective May 4,
2010. As an internationally operating group of companies, ITW can look
back upon almost 100 years of history. In 2009, a staff of about 59,000
in their ca. 840 decentralised business units in 57 countries yielded a
turnover of US Dollar 14bn. The acquisition will, for one thing,
strengthen the suki.international Group’s market position and, for
another, set the course for an expansion of the European retail segment
of the ITW group.
Strengthening the
internationalisation
After
the acquisition by ITW the suki.international group will remain an
autonomous corporation, based at Landscheid. It will use the proven
success of ITW’s decentralized organisation to create important
synergies with other companies in the group. Within the framework of a
long-term strategy, the suki.international group will form the
foundation stone for the European retail segment currently being
established by ITW. The competitive environment and market position of
the suki.international group, which is already generating more than 50%
of its turnover in European countries outside of Germany, will be
greatly strengthened. The acquisition by ITW means a sustainable
continuation of suki.international’s own successful international
strategy within a powerful corporate group.
suki
stays suki
Over
the past few years, the suki.international group has successfully
expanded its Europe-wide market position and despite the economic crisis
in 2009 at € 126m yielded the highest turnover in its history. The
suki.international group will continue to run its businesses focused on
the three strategic core activities, retail, logistics and
direct-sourcing. The group will profit from the technological and
worldwide know-how and the financial power of the international group of
companies and continue its successful strategy of the past few years.
Prospects
The
integration of the suki.international group strengthens ITW’s
strategic position. ITW is the market leader in the DIY retail business
in Australia and New Zealand. It also has similar activities in the USA.
Through the acquisition of the suki.international group the opportunity
has been created to offer technical products to the entire European
retail market. Therefore suki.international group offers ITW outstanding
possibilities for development and enormous prospects.
2.441 signs. We
would appreciate a voucher in the event of printing.
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