International. Tyco International Ltd. completed the acquisition of Visonic Ltd., a global developer and manufacturer of security systems and electronic components, for approximately $100 million in cash. The acquisition was first announced on September 15, 2011.
Visonic's portfolio includes advanced wireless technology for the security industry, comprising wireless communications technologies that offer greater range and communications security. These technologies are used by more than one million wireless installations worldwide.
"The inclusion of Visonic in Tyco's security product portfolio is a step forward in the strategy of providing our customers with a wide range of security solutions," said Mark VanDover, president of Tyco Security Products. "The company's extensive technological capability and strong presence in markets such as Europe will allow us to further enhance the solutions and scope of our intrusion security portfolio."
Visonic's business, which represents revenues of more than $75 million a year, will be integrated into the security products unit of Tyco, a leading global provider of access control, video and intrusion solutions.
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