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Carter Brothers to build new security business with new partner

After selling its fire business to Tyco, Carter looks to collaborate with a cableco or telecom
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10/31/2012

ATLANTA—Now that he’s sold his fire business to Tyco, John Carter, president of Carter Brothers, plans to partner with a large company to provide security services on a national basis.

Post merger, Johnson Controls emerges even stronger

Company has greater depth of expertise, resources on both product and integration side of business
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08/15/2017

CORK, Ireland—Since the Tyco-Johnson Controls merger was completed in September 2016, the two security giants have joined forces to become an industry powerhouse, leveraging the combined brands to provide innovation on both the product and integration side of the business.

Johnson Controls and Tyco merger final

Deal marks historic turning point for both companies
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09/07/2016

CORK, Ireland—Johnson Controls this week completed its merger with Tyco, marking a historic turning point for both companies.

Megamergers: benefit or pitfall?

Industry leans toward ‘benefit,’ but debate continues
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03/16/2016

YARMOUTH, Maine—Industry consolidation will accelerate this year with two megamergers—the Tyco/JCI deal and the ADT/Protection 1 merger—expected to close by the end of 2016. Does this activity help or hurt the industry? Respondents to Security Systems News’ latest news poll who said massive consolidation is good just barely edged out those who said these megadeals hurt the industry. Meanwhile, another group of respondents said they have other things to worry about.

Tyco to Participate in International Women's Day Forum

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03/07/2016

CORK, Ireland—Tyco today announced that it will present at the sixth annual International Women's Day Forum being hosted by the U.S. Chamber of Commerce and the United Nations Office for Partnerships in New York on March 7 and 8. The event will convene public and private sector leaders to explore inclusive solutions that create opportunities for women and girls around the world.

Tyco closes ShopperTrak acquisition

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01/27/2016

CORK, Ireland—Tyco on Jan. 26 announced that it has completed the $175 million cash acquisition of ShopperTrak, a Chicago-based global provider of analytics for the retail industry.

Johnson Controls to merge with Tyco

Deal brings security capabilities to building automation strategy, tax inversion benefit
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01/25/2016

MILWAUKEE and CORK, Ireland—In a deal that brings strategic security capabilities and substantial tax benefits, Johnson Controls announced today that it will merge with Tyco. The deal was approved by the board of directors of both companies and is expected to close at the end of 2016.

Tyco Security Products integrates with Nest

‘New experiences’ will be the result, Tyco says
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11/10/2015

WESTFORD, Mass.—Tyco Security Products is collaborating with Nest Labs on integrations between connected home security products to create “new experiences,” according to Greg Blackett, Tyco’s strategic project managing marketing manager.

Former Dish Network exec named Tyco EVP and COO

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Tuesday, October 13, 2015

CORK, Ireland—Tyco today announced it has named former Dish Network executive Robert E. Olson, 56, EVP and CFO effective in November. He will replace Arun Nayar, 65, who will retire at the end of the year.

Olson comes to Tyco from satellite communications company DISH Network, where he was EVP and CFO. From 2006-2008, Olson served as CFO of Trane Commercial Systems, the largest operating division of American Standard. He also served as EVP and CFO of AT&T's Consumer Services division and later its Business Services division. He  held leadership roles at American Airlines.  

Olson has a bachelor's degree in chemical engineering from the University of Alabama and a Master's degree in business administration from UCLA.

Nayar will serve as an advisor until the end of the year when he will retire from Tyco. 

In a prepared statement George R. Oliver, Tyco's CEO said: "Robert's effective record in chief financial officer roles combined with his broad experience in service-oriented technology companies will be especially valuable as we grow our services and solutions businesses."

In connection with the announcement, the company reaffirmed its guidance of $0.60 to $0.62 of earnings per share from continuing operations before special items for the fourth fiscal quarter of 2015.

Home automation should be smart, but simple

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07/16/2015

YARMOUTH, Maine—Home automation experts have heard the message loud and clear: simplify, simplify, simplify.

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