[INDUSTRY NEWS]
large fleet of expensive cranes but our most valuable asset is our people. The human capital coming with this transaction provides us critical leadership and experience that will enable us to continue performing safely and profitably at a high level and executing our growth strategy.” Jerry Reynolds, founder and majority
shareholder of Southway, will join TNT as Executive Vice President managing the Southeast region and will continue as President of the Southway companies. Jerry commented on the transaction, “Our employees are excited about this deal. This expands our geographic foot print and we’ve already identified real opportunities to share assets and expertise across our respective regional markets and customers. Southway and TNT share a common culture around safety, excellent service and smart business. We are going to have a lot of fun taking this business to the next level.” ❙
Master Lock Acquires Field ID Safety Software
> Master Lock Canada, Inc., a wholly-owned subsidiary of Master Lock Company LLC, has completed an agreement to acquire N4 Systems, Inc., the company behind Field ID, a leading provider of safety management software. Field ID will become a new, complementary offering in Master Lock’s Life Safety business. Field ID’s software-as-a-service product
offering gives customers around the world the ability to manage safety more efficiently and effectively with the use of mobile apps and the web. The Field ID solution will complement existing solutions offered by Master Lock’s Life Safety business, such as lockout/tagout locks and accessories for industrial safety. “Field ID’s comprehensive system for digitizing safety management tasks
and information is not only an excellent complement to Master Lock’s current Lock- Out / Tag-Out (LOTO) offering, but also provides an organization broader safety audit and compliance tools,” said Franco Daino, VP/GM, Life Safety at Master Lock Company. “With the acquisition of Field ID, we are well-positioned to execute against our vision of a successful Life Safety program and look forward to offering this solution to institutions and industrial companies around the world.” Field ID will continue to operate
independently from its Toronto headquarters but will leverage Master Lock’s sales and marketing capabilities. “Modern safety management includes
using the latest technology,” said Somen Mondal, Vice President, Sales & Marketing of Field ID. “With the popularity of mobile devices and acceptance of software-as-a- service, we’ve seen tremendous growth here
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MARCH-APRIL 2013
WIRE ROPE EXCHANGE
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