Stanley Black & Decker In Talks To Buy AeroScout

According to Globes, power tools and mechanical and electrical equipment giant Stanley Black & Decker Inc. might be in advanced talks to acquire Wi-Fi active RFID tag AeroScout Ltd. for $200-250 million. A deal will probably be closed within weeks, Globes said. AeroScout said in response, “The company does not comment on rumors.” Several recent US government tenders indicate that the real-time location services market AeroScout’s business is thriving. The tenders include a $550 million tender by the US Department of Veterans Affairs, published in late 2011, for the installation of real-time RFID-based location systems at its 152 hospitals and 1,400 clinics.