SecurityWorldHotel

Search

News items found: 255

25/08/2016

Business News

Tyco sells Southern African business and Johnson Controls merger approved

Tyco has signed a definitive agreement to sell its security business in South Africa, which operates locally under the ADT brand, to Fidelity Security Group for approximately ZAR 1.9 billion (USD 140 million).  

This comes the day after Tyco shareholders approved all matters related to the proposed merger with Johnson Controls at an extraordinary general meeting of shareholders held in Dublin.  Johnson Controls shareholders also voted to approve the merger at a special general meeting in Dallas. The merger is expected to be completed on Friday, Sept. 2, 2016.

Product Suppliers
Back to top