Tyco to Acquire Visonic
Tyco International Ltd.
announced today that it has reached an agreement to acquire Visonic Ltd., a
global developer and manufacturer of electronic security systems and components, for
approximately $100 million in cash. The acquisition will strengthen the wireless product and
technology portfolio and market presence of the Tyco Security Products business in the
intrusion security market.
Visonic is a developer of advanced wireless technology for the security industry. The
company’s recently introduced PowerG wireless communications technology offers increased
communications range and superior 128-bit encryption to secure communication between
wireless sensors/detectors and panels. The PowerG technology builds on Visonic’s PowerCode
technology which is in use in more than 1 million wireless installations around the world. The
business has annualized revenues 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 solutions we can offer to our residential and
commercial customers,” said Mark VanDover, president of Tyco Security Products. “Visonic is
an established leader in wireless security technology and its strong presence in the European
security market complements Tyco’s strength in the North American market.”
Visonic operates a design center at its headquarters in Tel Aviv, Israel, as well
as a manufacturing center in Kiryat Gat, Israel. The company is active in more than 100
countries, with a strong presence in Europe, Middle East and Africa.
The transaction is expected to close later this year and is subject to customary closing
conditions.