Subscribe to RSS - Tyco

Tyco

Tyco acquires Westfire

The $80 million company brings technical expertise, expands footprint
 - 
11/14/2013

NEUHAUSEN, Switzerland—Tyco’s acquisition of fire protection company Westfire, announced this morning, “aligns well with the company’s internal strengths,” Jeff Kessler, managing director of institutional research at Imperial Capital, told Security Systems News.

Tyco, HID Global systems win FICAM approval

 - 
11/01/2013

WESTFORD, Mass.—The U.S. General Services commissions has approved an end-to-end physical access control system consisting of products from Tyco’s Software House and HID Global as a fully compliant FICAM solution, the two companies announced Oct. 30.

Cancer hospital employees better not go where they don't belong

No added costs for integration with Dana Farber’s Tyco upgrade
 - 
10/29/2013

BOSTON—An upgrade of its access control system has enabled the Dana Farber Cancer Institute here to introduce Wi-Fi locks without building a new system to manage them, has provided more information about cardholders and provides automatic reports.

Latest change for Devcon welcomed

Devcon CEO Steve Hafen says ADT’s plan to buy the company is 'great news'
 - 
07/31/2013

HOLLYWOOD, Fla.— Devcon Security has undergone dramatic changes in the past few years: a rapid expansion, then an even faster downsizing and also a management shake-up. Now, an even bigger change—ADT’s announcement today that it has signed a deal to acquire Devcon for $148.5 million—is a welcome one, Devcon CEO Steve Hafen told Security Systems News.

Tyco Exacq deal done

Exacq leadership, brand will stay in place
 - 
07/30/2013

NEUHAUSEN, Switzerland—In what Tyco Security Products’ director of product management Steve Carney called a “perfect fit,” Tyco announced July 29 that it has completed the acquisition of VMS provider Exacq Technologies for $150 million in cash.

Iris scanning enters mainstream market

‘Access cards can be forged, irises can’t’
 - 
07/24/2013

ROCK HILL, S.C.— Iris scanning technology is typically used by the government, the military and in hospitals. However, as prices have started to come down, the market for the technology is expanding to also include mainstream users, ranging from universities to your local gym.

Once IR spins off security division, will others follow?

 - 
Wednesday, June 12, 2013

Once IR spins off its security division, will others follow? Poking around some investor conference info recently, I came across this tidbit on Seeking Alpha

“Stanley Black & Decker Chairman John Lundgren made an interesting revelation during his chat at the Electrical Products Group Conference yesterday. [The conference took place in late May]. The exec says the company will keep an eye on the spinoff from Ingersoll Rand of its security business to see if a similar move would make sense for SWK with its security business. On strategy: "Because if we are convinced a year or two years from now that we have got a 12x EBITDA business trapped in a 7 or 8x business, we will make it bigger."

Through my Stanley contacts, I asked Brett D. Bontrager, SVP and Group Executive, Stanley Security Solutions, for further comment on Lundgren’s statement. Bontrager declined comment saying that there was nothing more to say beyond what John Lundgren stated.

You may recall that Ingersoll Rand announced in December that it would spin off its security products business.  Here’s my story. The IR security business—which includes brands such as Schlage locks and other electronic and biometric access control products—will be a $2 billion company once it is spun off. The remaining IR business will be a $12 billion business.

Following the IR spinoff announcement, reports, such as this one from Bloomberg, speculated that the new standalone IR security company will present an acquisition target. This report said potential acquirers include Stanley Black & Decker (to add to its security businesses and further diversify from its power tools), Tyco (might be interested in IR’s commercial products but not its resi security products) and UTC. The report also notes that IR, which is headquartered in Swords, Ireland, presents certain tax advantages.

The IR spinoff was prompted by activist shareholder Nelson Peltz, whose Trian Fund Management owns about 7.3 percent of IR stock.

During ISC West, IR announced that Patrick Shannon will serve as senior VP and CFO of the new security spinoff and Barbara Santoro will serve as SVP and general counsel. They will report to the CEO, who has yet to be named.

SimplexGrinnell: New notification appliances ‘revolutionary’

Simplex TrueAlert ES uses addressable technology to improve protection, simplify installation
 - 
06/10/2013

CHICAGO—SimplexGrinnell, a Tyco fire and life safety company, says it has “reinvented every aspect of notification” in bringing to market a new family of intelligent notification appliances it’s showcasing at the 2013 NFPA Conference & Expo here this week.

Pages