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...
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