by Ann Withanee — December 12, 2011—Tyco International Ltd. has completed the acquisition of Visonic Ltd., a global developer and manufacturer of electronic security systems and components and the North American subsidiary of Visonic Group. A global provider of advanced wireless technology for the security industry, the Visonic portfolio includes wireless communications technologies that offer increased range and secure communications. These technologies are in use in more than one million wireless installations around the world, according to a recent announcement.
The acquisition provides Tyco’s customer base, including facilities executive worldwide, “with enhanced solutions and broad-based security solutions,” stated Mark VanDover, president of Tyco Security Products.” He added, “The company’s technological capabilities and strong presence in markets such as Europe enable us to further enhance the solutions and reach of our intrusion security portfolio.” A diversified, global company, Tyco is a major supplier of security products and services, fire protection and detection products and services, valves and controls, and other industrial products.
The Visonic business, which has annualized revenues of more $75 million, will be integrated into Tyco’s Security Products unit. Tyco had 2010 revenue of approximately $17 billion and has more than 100,000 employees worldwide.
