by AF0124 g3 — January 27, 2010—Tyco International Ltd. and Brink’s Home Security Holdings, Inc., announced they have formed a definitive agreement for Tyco to acquire Brink’s Home Security Holdings, now operating as Broadview Security. Following the closing of the transaction, Tyco intends to combine Broadview with Tyco’s ADT security business.
The transaction combines two of the premier companies in the North American residential and commercial security industry, according to the announcement. Broadview Security is one of the leading monitored security companies in North America. ADT is the world’s largest electronic security provider. Tyco intends to combine the two businesses under the ADT name.
“This transaction provides us the opportunity to further strengthen our position in the residential and commercial security industry, while advancing Tyco’s overall strategy to increase its presence in its core security, fire and flow control platforms,” said Tyco Chairman and Chief Executive Officer Ed Breen. “Broadview’s strong presence in the North American security market, significant recurring revenue and attractive margins will enhance ADT’s financial performance and support our long-term growth in this large, fragmented and highly competitive industry.”
For more information visit Tyco.
