Tyco Completes Acquisition of Broadview Security

Tyco International completed the acquisition of Brink's Home Security Holdings, ("Brink's Home Security") following approval of the transaction by Brink's home security shareholders on May 12. Brink's home security, which operates as Broadview Security, will now be combined with Tyco's ADT security business, an electronic security provider.

"We are excited to complete this transaction to bring together two of the premier companies in the North American residential and commercial security industry," said Tyco Chairman and CEO Ed Breen. "This creates an opportunity for ADT to strengthen its leadership position in the security industry, while enhancing Tyco's strategic focus on its core security, fire and flow control platforms."

With the completion of the acquisition and the addition of Broadview's US$1.3 million customers, ADT's North American residential and small business operation will serve more than six million customers under the ADT brand name.

Shares of Brink's Home Security ceased trading on May 13.

Share to:
Comments ( 0 )