VanDover: Tyco prepares to integrate Visonic $100 million acquisition, in works since June, closes
By Martha Entwistle
Updated Mon December 19, 2011
SCHAFFHAUSEN, Switzerland—Tyco announced Dec. 6 that it had closed on the $100 million acquisition of wireless security product provider Visonic. Now, Visonic is being evaluated by an integration team as part of the acquisition process, Mark VanDover, president of Tyco Security products, told Security Systems News in an email interview.
VanDover pointed out that Tyco has a lot of experience with acquisitions and said it wants to maintain “the health and integrity of the companies that we acquire.”
He said it's too soon to say what roles Visonic executives may assume at Tyco, but he anticipates “there will be many opportunities for Visonic executives and all Visonic employees in general to continue to be involved, as well as grow, within the Tyco organization.”
VanDover continued: “We have walked that talk before with the recent history of the combination of the Tyco Security Products ACVS (access control and video surveillance) and Intrusion businesses.”
The integration of those businesses “saw very few redundancies, many opportunities for existing staff, and a significant addition to our employee base of over 10 percent. The best practices we have used in the past provide an excellent blueprint to the keep the entire organization healthy and driving forward,” VanDover said.
SSN reported in June that Tyco was in talks with Visonic. The Visonic business has annualized revenues of more than $75 million.
Comments