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Tyco closes ShopperTrak acquisition

January 27, 2016Martha Entwistle

CORK, Ireland—Tyco on Jan. 26 announced that it has completed the $175 million cash acquisition of ShopperTrak, a Chicago-based global provider of analytics for the retail industry.Tyco announced its intention to acquire ShopperTrak, which currently generates $75 million in annual revenues, in December.ShopperTrak's solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking.Tyco plans to combine ShopperTrak capabilities with its existing loss...

Alex Molinaroli, George Oliver, Johnson Controls (JCI), ShopperTrak