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Tyco to split into three companies

Tyco International has announced that its board of directors has approved a plan to separate the company into three independent, publicly traded companies.

The three companies created through the separation will consist of:

* The ADT North America residential security business, North America’s leading provider of security for homes and small businesses.

* The world’s leading provider of flow control products and services.

* The world’s leading commercial fire and security business.

“Over the last four years, we have strengthened our competitive position in our core security, fire and flow control businesses by driving organic growth, investing in R&D and technology, increasing efficiency and productivity and making strategic acquisitions,” said Tyco chairman and CEO, Ed Breen. “Today, each business is in a strong financial position and has exceptional brands, highly skilled employees and talented, experienced leadership.”

Hi-Tech Security Solutions will keep readers updated on any local consequences of the change.

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