Time/system International AG has successfully acquired SRT International B.V. from Friesland Bank Investments and management. Financial details of this transaction have not been disclosed.
Time/system is a producer of time management systems, calendars and agendas, pocket diaries, organizers and meeting books. The company's products are printed in ten languages has official sales representation in more than 20 countries. Time/system also sells pocket diaries, meeting books and leather stationery, and has its own production facilities in Asia. The combination of Time/system and SRT will enable both companies to offer a wider range of products across a much broader international distribution platform.
SRT is the owner of a number of leading brands including Succes Agenda and Ryam and is a major distributor of a broad range of diaries and stationery to European retailers.
Oaklins' teams in Finland and the Netherlands jointly executed this transaction. Time/system had appointed the Finnish team to seek international acquisition targets and they asked the Dutch team to approach SRT. During the transaction process the team in the Netherlands acted as local contact and process coordinator for Time/system. This transaction is another example of the successful cooperation between Oaklins' teams.
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