Unican Security Systems Ltd. Announces the Acquisition of Bollini Srl.VITTORIO VENETO, Italy--(BUSINESS WIRE)--Oct. 27, 1999-- (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :UCS (Universal Character Set) An ISO/IEC format for coding character sets. ISO/IEC 10646 was synchronized with Unicode; however, Unicode adds additional constraints, and compliance with 10646 does not guarantee compatibility with Unicode. See Unicode. .) (ME:UCS.) Unican Security Systems Ltd. of Montreal is pleased to announce that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Silca S.p.A., based in Italy, has completed the acquisition of 100% of the shares of Bollini Srl in Milan, Italy. Terms of the agreement were not disclosed. With a long history as a key cutting machine manufacturer, Bollini Srl is a small, tightly focused company specializing in the production of bit key duplicating machines for the French and German markets. A complement to Unican's existing range of products, this acquisition is another step in Unican's program to become the absolute European leader in the manufacture and distribution of key cutting machines. Unican Security Systems Ltd., with sales in fiscal 1999 surpassing Cdn. $475 million, is a leading global supplier of access control products for both the hospitality and commercial sectors, as well as mechanical and electronic security products for the safe and vault industry. Unican is also the world's leading supplier of key blanks, key cutting equipment and mechanical pushbutton push·but·ton n. also push button A small button that activates an electric circuit when pushed. adj. also push-but·ton Equipped with or operated by a pushbutton. locks. Unican Security Systems Ltd. is traded on both the Montreal and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the UCS symbol. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion