Fortune Brands Innovations announced it has acquired a minority stake and entered into a strategic partnership with Value Hybrid Global, S.L. (“Value Hybrid”), a leading software and SaaS startup focused on the delivery of connected lockout tagout (cLOTO) solutions. This partnership will expedite Master Lock’s ability to bring to market new and innovative products in the emerging field of cLOTO, and expand its presence in commercial safety solutions.
Fortune Brands Chief Executive Officer Nicholas Fink said, “Connected lockout tagout is a significant opportunity for Fortune Brands. It is an attractive, emerging field that we are well positioned to lead in, given our highly recognized Master Lock brand, lockout tagout expertise, channel strength and commitment to invest in our highest-growth opportunities, which includes our expanding portfolio of connected products. We are excited to be partnering with Value Hybrid and bringing to market a best-in-class connected solution that will help to increase safety, improve efficiency, and enhance compliance, which impacts millions of people across the globe.”
Fortune Brands and Value Hybrid are uniquely situated to transform workplaces from mechanical to connected LOTO and expand the market for these solutions worldwide.
“We are pleased to be partnering with such a respected brand as Master Lock. This partnership enables us to tap into Master Lock’s deep experience in LOTO solutions, in addition to their capabilities and established global customer base,” said Value Hybrid Managing Director Alfredo de la Fuente. “We are looking forward to how we can bring our software and capabilities together to produce comprehensive cLOTO solutions that will help accelerate the digitization of critical safety processes and procedures.”
See the press release to learn more.
