Sensormatic Sells Stake in Maker of Scanners
<i> From United Press International</i>
DEERFIELD BEACH, Fla. —
Sensormatic Electronics Corp. sold its minority stake in CheckRobot Inc. of Deerfield Beach to a Swiss investment company as part of its efforts to refocus resources on core businesses, the companies have announced.
Terms of the sale to OmniCorp International B.V. were not disclosed.
The purchase makes OmniCorp, a merchant banking and investment subsidiary of Omni Holding A.G., CheckRobot’s largest shareholder, the company said.
A spokesman for Sensormatic said his company held a 34% stake in CheckRobot, but Ralph Nelson, vice president of CheckRobot said Sensormatic’s holdings were equal to 26%.
CheckRobot makes automated checkout machines.
