Tyco International is set to acquire Visonic, a 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 provider of advanced wireless technology for
the security industry. It’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. 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.
“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,” VanDover added.
By Telecomlead.com Team
