Tyco International completes Visonic acquisition

Tyco CEO Edward Breen

Tyco International Ltd. has completed the acquisition of Visonic Ltd.  a global developer and manufacturer of electronic security systems and components, for approximately $100 million in cash. The acquisition was first announced on September 15, 2011.

Tyco said Visonic is a leader in advanced wireless technology for the security industry. The company’s portfolio includes wireless communications technologies that offer increased range and secure communications, said Tyco and its technologies are used in more than one million wireless installations around the world.

“The addition of Visonic to the Tyco Security Products portfolio advances our strategy to provide our global customer base with broad-based, best in class security solutions,” said Mark Van Dover, President of Tyco Security Products. “The company’s technological capabilities and strong presence in markets such as Europe enable us to further enhance the solutions and reach of our intrusion security portfolio.”

Tyco said Visonic business, which has annualized revenues of more $75 million, will be integrated into Tyco’s Security Products unit, a leading global provider of access control, video and intrusion solutions.