Tyco completes acquisition of Industrial Safety Technologies
By SSN Staff
Updated Tue March 24, 2015
CORK, Ireland—Tyco International has completed its acquisition of Industrial Safety Technologies, a manufacturer of gas and flame detection gear, from Battery Ventures for $329.5 million in cash.
The business is expected to generate approximately $140 million in annualized revenue, according to a prepared statement from Tyco.
Tyco said the combination of IST with Tyco's Scott Safety business will make it one of the largest global designers and manufacturers of gas and flame detection products, offering customers a full range of safety solutions across both fixed and portable detection.
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