Tyco Picks Up Security Systems Co. For $100M

Law360, New York (September 15, 2011, 1:57 PM EDT) -- Products and services conglomerate Tyco International Ltd. agreed Thursday to buy Israel-based electronic security systems and components manufacturer Visonic Ltd. for $100 million in a deal aimed at improving Tyco's wireless product and technology presence in the intrusion security market.

The deal will hand Switzerland-based Tyco a leader in developing advanced wireless technology for the security industry that boasts annual revenue of more than $75 million.

"The acquisition of Visonic strengthens the technology capabilities in our intrusion security portfolio and will enable us to enhance the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.