Stanley Black & Decker sticking to its core in innovation

After decades of expanding into new verticals like security and healthcare, the company has recently divested of those spaces and is returning its focus to its core businesses of handheld tools and power equipment. Stanley Black & Decker is aggressively acquiring companies and investing billions of dollars in these areas with an industrial focus, helping reduce its exposure to the consumer market.

Specifically, the company is investing in adjacent technologies that leverage its industry expertise. Part of this evolution comes from STANLEY X, its internal team responsible for new product development and growth opportunities in areas like construction management software and engineering design.

Source: CB Insights