Tyco International to Acquire Signature Security

Tyco International Ltd. has reached an agreement with Oceania Capital Partners Limited to acquire OCP's Signature Security Group for AU $171 million. Tyco intends to combine Signature Security's Australian and New Zealand operations with its ADT Security business under the ADT name.

Signature Security provides electronic security installation and monitoring services to more than 90,000 premises in Australia and New Zealand and has an annual revenue of approximately AU $80 million. ADT, part of Tyco's security solutions business, is an electronic security provider with approximately 9 million customers around the world and 2010 revenue of $7.7 billion.

"This acquisition provides us with the opportunity to strengthen ADT's business in the Australian and New Zealand security markets while advancing our strategy for growth in the global security industry," said Ed Breen, Tyco chairman and chief executive officer. "Signature Security is an excellent strategic fit with our ADT business, providing us with increased scale and attractive operating synergies."

According to Robert Zhu, president, ADT Asia-Pacific, both ADT and Signature are well managed businesses with strong operating platforms and a shared focus on providing outstanding customer service.

"Adding Signature Security to our portfolio means that we will be an even stronger partner for our customers as we leverage its experienced team of employees and geographic footprint. This will enable us to broaden our sales, installation and service capabilities in the Australia and New Zealand markets."

The transaction is expected to close during the third quarter of Tyco's fiscal year, which quarter begins on April 1. The transaction is subject to customary closing conditions.

Featured

  • Live From ISC West: Day 2 Recap

    If it’s even possible, Day 2 of ISC West in Las Vegas, Nevada, was even busier than the first. Remember to keep tabs on our Live From ISC West page for news and updates from the show floor at the Venetian, because there’s more news coming out than anyone could be expected to keep track of. Our Live From sponsors—NAPCO Security, Alibi Security, Vistacom, RGB Spectrum, and DoorKing—kept the momentum from Day 1 going with packed booths, happy hours, giveaways, product demonstrations, and more. Read Now

    • Industry Events
    • ISC West
  • Visiting Sin City

    I’m a recovering alcoholic, ten years sober this June. I almost wrote “recovered alcoholic,” because it’s a problem I’ve long since put to bed in every practical sense. But anyone who’s dealt with addiction knows that that part of your brain never goes away. You just learn to tell the difference between that insidious voice in your head and your actual internal monologue, and you get better at telling the other guy to shut up. Read Now

  • On My Way Out the Door

    To answer that one question I always get, at every booth visit, I have seen amazing product technology, solutions and above all else, the people that make it all work. Read Now

    • Industry Events
    • ISC West
  • Return to Form

    My first security trade show was in 2021. At the time, I was awed by the sheer magnitude of the event and the spectacle of products on display. But this was the first major trade show coming out of the pandemic, and the only commentary I heard was how low the attendance was. Two representatives from one booth even spent the last morning playing catch in the aisle with their giveaway stress balls. Read Now

    • Industry Events
    • ISC West

Featured Cybersecurity

New Products

  • BIO-key MobileAuth

    BIO-key MobileAuth

    BIO-key International has introduced its new mobile app, BIO-key MobileAuth™ with PalmPositive™ the latest among over sixteen strong authentication factors available for BIO-key's PortalGuard® Identity-as-a-Service (IDaaS) platform. 3

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation. 3

  • HID Signo Readers

    HID Signo Readers

    HID Global has announced its HID® Signo™ Biometric Reader 25B that is designed to capture and read fingerprints in real-world applications and conditions. 3