TYCO PURCHASES THOMAS & BETTS’ ELECTRONIC OEM SEGMENT, BOLSTERS CONNECTORS BUSINESS

PEMBROKE, Bermuda

b>Tyco Intl. Ltd., a diversified manufacturing and service company, announces that it has agreed to acquire the electronic OEM business of Thomas & Betts for $750 million in cash, subject to regulatory approval. The acquired business manufactures electronic connectors for the telecommunications, computer and automotive industries, with revenues of $687 million in 1999. “This business is an excellent fit with Tyco Electronics,” says L. Dennis Kozlowski, chairman and CEO of Tyco. “It will increase the breadth of Tyco’s product line. Tyco Electronics will also gain access to state-of-the-art products, including the Metallized Particle Interconnect System, a patented high performance connector.”

Tyco Electronics is a world leader in electrical, electronic and fiber-optic connectors and interconnection components and systems. Tyco Intl. is one of the world’s largest manufacturers, installers and providers of fire protection systems and electronic security services.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters