PEMBROKE, Bermuda, June 5 /PRNewswire-FirstCall/ -- Tyco International
Ltd. (NYSE: TYC, BSX: TYC) announced today that it has purchased
substantially all of the assets of Winner Security Services, LLC for
approximately $90 million. Winner is a franchisee of Sensormatic
Electronics Corporation in the states of Pennsylvania and Delaware.
The franchise was originally granted by Sensormatic Electronics
Corporation more than 40 years ago, prior to Tyco's acquisition of
Sensormatic in 2001. Under the original agreement, Winner was granted
rights to sell, install and service certain Sensormatic products and was
entitled to commissions on Sensormatic products sold, installed or shipped
into its franchise territories by other companies.
Sensormatic, part of Tyco International, is the industry leading
provider of retail loss prevention solutions. The Sensormatic solutions
portfolio is sold through ADT and Tyco partners around the world.
ABOUT TYCO INTERNATIONAL
Tyco International (NYSE: TYC) is a diversified, global company that
provides vital products and services to customers in more than 60
countries. Tyco is a leading provider of security products and services,
fire protection and detection products and services, valves and controls,
and other industrial products. Tyco had 2007 revenue of more than $18
billion and has 118,000 employees worldwide. More information on Tyco can
be found at http://www.tyco.com.
SOURCE Tyco International Ltd.
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Related links:
http://www.tyco.com
CONTACT:
Media, Paul Fitzhenry, +1-609-720-4261, or
Investor Relations, Ed Arditte, +1-609-720-4621, both of Tyco
International Ltd.
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