Now World’s Largest Pure-play Fire Protection and Security Business
Security Products business unit leverages separation to intensify focus on delivering innovative access control, video, real time tracking and intrusion solutions
WESTFORD, Mass. –– Tyco (NYSE: TYC) completed its separation transaction today, forming the world's largest dedicated fire protection and security company as measured by market share.
Post separation, the company's Security Products business unit and its renowned brands, including American Dynamics, Software House, Kantech, DSC, CEM, Bentel, and Visonic, remain an intrinsic part of the new organization. Tyco's Security Products has historically developed some of the world's most technologically advanced intrusion, video, access control, and real-time tracking solutions for use in a variety of security-critical markets.
"As a vital part of this new, more focused Tyco, our business is more committed than ever to delivering the innovative products, solutions, and services that are our customers' preferred choice," said Mark VanDover, President of Tyco's Security Products business unit. "Whether it's securing Fortune 500 companies, providing operational efficiencies to educational, healthcare and government facilities, or protecting private residences, we are committed to finding smarter ways to save lives, improve businesses and protect where people live and work."
Tyco, with more than three million customers and 69,000 employees in 50 countries, is a $10+ billion global leader in fire protection and security solutions. The company's broad portfolio of products and services, bolstered by the Security Products robust offering, allows the company to partner with customers to help them meet diverse needs. The new company is focused on accelerating growth and increasing shareholder value by designing, delivering and maintaining fire protection and security solutions.
Tyco (NYSE: TYC) is the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A $10+ billion company, Tyco has more than 69,000 employees in more than 1,000 locations across 50 countries serving some of the world's most demanding environments, including banking and financial services, oil and gas, marine, government, healthcare, retail, home security, transportation, and commercial and industrial. For more information, visit the new www.tyco.com.
About Tyco's Security Products
Tyco's Security Products business unit is a unified group of the most comprehensive world-leading premium access control, video, location-based tracking and intrusion solutions in the security industry. Security Products conducts business in over 176 countries around the world, in multiple languages and employs over 2,700 employees globally, including research and development, marketing, manufacturing, sales, service and logistics teams in the Americas, Europe, the Middle East, Africa, and Asia Pacific. Our products, built by developers from all product disciplines, consistently allow customers to see more, do more, and save more across multiple industries and segments including healthcare, government, transportation, finance, retail, commercial and residential. Worldwide, Security Products helps protect 42% of Fortune 500 companies, transportation systems on five continents, 37% of the world's top 100 retailers, over two million commercial enterprises, thousands of students in more than 900 educational facilities, and over five million private residences.
Chelsie Woods / Andrea Gural
207-510-0029 / 207-319-7372