alterEGO Posted September 18, 2011 Share Posted September 18, 2011 Tyco International to acquire Visonic Ltd 16 Sep 11 Tyco International Ltd. has reached an agreement to acquire Visonic Ltd, a global developer and manufacturer of electronic security systems and components, for approximately US$100 million in cash. The acquisition aims to strengthen the wireless product and technology portfolio and market presence of the Tyco Security Products business in the intrusion security market. A statement from Tyco said: “Visonic is a leader in developing advanced wireless technology for the security industry. “The company’s recently introduced PowerG wireless communications technology offers increased communications range and superior 128-bit encryption to secure communication between wireless sensors/detectors and panels. “The PowerG technology builds on Visonic’s PowerCode technology which is in use in more than 1 million wireless installations around the world. The business has annualized revenues of more than $75 million.” Enhanced solutions Mark VanDover, president of Tyco Security Products, said: “The acquisition of Visonic strengthens the technology capabilities in our intrusion security portfolio and will enable us to enhance the solutions we can offer to our residential and commercial customers. “Visonic is an established leader in wireless security technology and its strong presence in the European security market complements Tyco’s strength in the North American market.” Visonic operates a state-of-the-art design center at its headquarters in Tel Aviv, Israel, as well as a manufacturing center in Kiryat Gat, Israel. The company is active in more than 100 countries, with a strong presence in Europe, Middle East and Africa. The transaction is expected to close later this year and is subject to customary closing conditions. Link to comment Share on other sites More sharing options...
norman Posted September 18, 2011 Share Posted September 18, 2011 Keep up AE. http://www.tycosecurityproducts.com/NewsItem.aspx?ID=60 Nothing is foolproof to a sufficiently talented fool. Link to comment Share on other sites More sharing options...
alterEGO Posted September 18, 2011 Author Share Posted September 18, 2011 You lost me? We don't all look at the tyco site everyday Link to comment Share on other sites More sharing options...
norman Posted September 18, 2011 Share Posted September 18, 2011 Must just be me then..... Nothing is foolproof to a sufficiently talented fool. Link to comment Share on other sites More sharing options...
MrHappy Posted September 18, 2011 Share Posted September 18, 2011 Must just be me then..... does it have a tyco totty section ? Mr Veritas God Link to comment Share on other sites More sharing options...
alterEGO Posted September 18, 2011 Author Share Posted September 18, 2011 Must just be me then..... Or versigo for that matter. Link to comment Share on other sites More sharing options...
MrHappy Posted September 18, 2011 Share Posted September 18, 2011 Or versigo for that matter. beat you to tyco by a day..... Mr Veritas God Link to comment Share on other sites More sharing options...
digitalwitness Posted September 19, 2011 Share Posted September 19, 2011 Adpro (Xtralis) acquired Heitel also. http://www.heitel.com/en/company/xtralis-heitel/ Link to comment Share on other sites More sharing options...
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