Tyco completes separation process, now largest pure-play fire protection and security business
Tyco Integrated Security focused on delivering security solutions to commercial businesses.
Tyco completed its separation transaction today, forming the world’s largest dedicated fire protection and security company as measured by market share. SimplexGrinnell, a Tyco business and longtime leader in the fire and life- safety industry, takes on a larger role in the new company.
Tyco, with more than three million customers and 69,000 employees in 50 countries, is a $10+ billion company in fire protection and security solutions. The new company is focused on accelerating growth and increasing shareholder value by designing, delivering, and maintaining fire protection and security solutions. Tyco is focused on finding smarter ways to save lives, improve businesses, and protect where people live and work.
“This is an exciting day for Tyco and SimplexGrinnell,” said Bob Chauvin, president of SimplexGrinnell. “We now have an even more critical role to play as a key Tyco business that provides industry-leading fire and life-safety systems and services to one million customers throughout North America. In the new Tyco, we’re better positioned than ever to help customers protect what matters most by delivering comprehensive solutions to meet their life-safety needs.”
Tyco’s broad portfolio of products and services allows the company to partner with customers to help them meet diverse needs. The company's solutions address these needs in demanding environments via the latest innovations in fire detection, fire suppression, personal protective equipment, monitoring, intrusion detection, video surveillance, access control, retail performance, and security solutions. +