Business security and fire control leader: Tyco International (TYC)-delisting (1960)

Tyco International Ltd. (NYSE:TYC) was founded in 1960, formerly known as Tyco Laboratories, Inc., changed to its current name in January 1993, and headquartered in Mahon, Ireland. With 57,000 employees worldwide, it is a diversified production and service group company.


On September 6, 2016, Johnson Controls completed the merger with Tyco International, a major fire and safety control company. Johnson Controls’ shareholders own 56% of the new company. The merged new company, Johnson Controls International PLC., for Tax Inversion, moved its headquarters to Cork, Ireland, where Tyco International was registered (the actual operating headquarters is still in secret. Alwaki), aroused criticism in the United States.

Tyco International TYC Logo

Tyco International (TYC):

Tyco International Ltd. (Tyco International Ltd.) is a world-renowned diversified group company whose products are sold in 50 states in the United States and more than 100 countries around the world.

Tyco is the world’s largest manufacturer and service provider of electrical and electronic components; the design, production, installation and service provider of submarine communication systems; and the world’s largest manufacturer, installer and supplier of fire protection systems and electronic security services; at the same time It is also the largest manufacturer of flow control valves. Tyco also occupies a leading position in the fields of medical products, financing and leasing, plastics and adhesives.

On June 7, 2007, Tyco International Ltd. stated that the company’s board of directors has formally approved the spin-off of this industrial group company into three independent listed companies in the form of tax-free dividends (2007) The spin-off was completed on June 29):

  1. Tyco Healthcare, the world’s leading comprehensive medical company, was named Covidien after the spin-off and was acquired by Medtronic for US$ 42.9 billion in June 2014 ;
  2. Tyco Electronics , the world’s largest passive component manufacturer, changed its name to TE Connectivity Ltd. in March 2011.
  3. Tyco Fire & Security (Tyco Fire & Security) and Tyco Engineered Products & Services (Tyco Engineered Products & Services), now known as Tyco International.

Tyco International (TYC) US stock:

  • In 1960, Tyco was founded by Arthur J. Rosenberg, initially as an investment holding company, with two departments: Tyco Semiconductors and The Materials Research Laboratory;
  • In 1962, the company’s business refocused on high-tech materials science and energy-saving products;
  • In 1964, TYCO went public and acquired Mule Battery Products. In the next 4 years, 16 companies were acquired;
  • In the 1970s, TYCO’s performance soared for 10 years;
  • In 1974, Tyco landed on the NYSE and started trading;
  • In the 1970s, TYCO successively acquired Simplex Technology, Grinnell Fire Protection Systems, Armin Plastics and Ludlow Corporation;
  • In the early 1980s, Tyco focused on the integration and growth of many branch companies acquired in the 1970s, and divided the company’s business into three categories: Fire Protection, Tyco Electronics, and Tyco Packaging;
  • At the end of the 1980s, TYCO began a large-scale acquisition, successively acquiring Grinnell Corporation, Allied Tube and Conduit, Mueller Company, etc., and then re-divided the company’s business into four parts: electrical and electronic components, healthcare and special products, fire protection and Security services, flow control. The four departments of the reorganization remained until 2007, when the new CEO Ed Breen divested the electronics and healthcare businesses and established three independent companies;
  • In the 11 years from 1991 to 2001, Tyco has acquired more than 1,000 companies. Among them, the main acquisitions include: Wormald International Limited, Neotecha, Hindle/Winn, Classic Medical, Uni-Patch, Promeon, Preferred Pipe, Kendall International Co ., Tectron Tube, Unistrut, Earth Technology Corporation, Professional Medical Products, Inc., Thorn Security, Carlisle, Watts Waterworks Businesses, Sempell, ElectroStar, American Pipe & Tube, Submarine Systems Inc., Keystone, INBRAND, Sherwood Davis & Geck, United States Surgical, Wells Fargo Alarm, AMP , Raychem, Glynwed, Temasa and Central Sprinkler designs;
  • In 1993, the company name was changed from Tyco Laboratories, Inc. to Tyco International Ltd.;
  • In 1997, Tyco International was reverse-acquired by ADT Limited , a smaller security service company than its own . Tyco became a wholly-owned subsidiary of ADT. The merged company retained the name of Tyco International Ltd. and the stock code: TYC, the new company headquarters At the same time established a wholly-owned subsidiary ADT Security Services in Bermuda, a tax haven;
  • In 1999, Tyco acquired two S&P 500 listed companies-electronic connector manufacturer AMP Inc. and global material science industry leader Raychem Corp. for $3 billion;
  • At the end of 2000, Tyco reorganized the submarine optical cable business company purchased from AT&T into Tyco Submarine Systems and went public independently;
  • In 2000, Tyco successively acquired General Surgical Innovations, Siemens Electromechanical Components, AFC Cable and Praegitzer, etc.;
  • In 2001, TYCO successively acquired Mallinckrodt Inc. and Simplex Time Recorder Company (in January 2002, it merged with Grinnell Fire Protection to form an indirect wholly-owned subsidiary—Simplex Grinnell LP), becoming the world’s largest fire protection product company;
  • In October 2001, Tyco Engineering Products and Services Division acquired Century Tube Corp;
  • In November 2001, Tyco acquired Water & Power Technologies;
  • In November 2001, Tyco Electronics Division acquired Transpower Technologies;
  • In December 2001, Tyco Plastics and Adhesives Division acquired LINQ Industrial Fabrics, Inc.;
  • In January 2002, Tyco announced plans to split the company into four independent branches. After the market fell sharply, the stock price could not be stopped, and finally abandoned the split plan;
  • In January 2002, the electronics division of TYCO acquired Communications Instruments, Inc., the medical and health division acquired Paragon Trade Brands, the engineering products and services division acquired Clean Air Systems, and the fire and safety division acquired SBC/Smith Alarm Systems, DSC Group and Sensormatic Electronics Corp;
  • On July 8, 2002, Tyco sold its Tyco Investment (CIT) business through an IPO;
  • In August 2002, Tyco Healthcare division divested Surgical Dynamics, Inc.;
  • In the second quarter of 2004, ADT Security sold Sonitrol;
  • By the end of 2004, Tyco had divested 21 and liquidated 4 non-core businesses;
  • In September 2004, Tyco divested the electrical contracting service business of the electronics department;
  • At the end of 2004, Tyco’s global employees reached 260,000, of which two-thirds were outside the United States. Tyco became the largest public safety communications company in the United States;
  • In 2005, the Indian company Videsh Sanchar Nigam Limited (VSNL) acquired Tyco Global Network (TGN) from Tyco International for USD 130 million;
  • In 2005, Tyco continued to spin-off non-core businesses, the largest of which was the sale of its plastics, adhesives and Ludlow coating products subsidiaries to private investment company Apollo Management, LP;
  • In 2005, tyco’s health department (branch) also completed two key acquisitions-Vivant Medical Inc. and Floréane Medical Implants;
  • In 2007, Tyco was split into 3 independent listed subsidiaries: Covidien Ltd. (formerly Tyco Healthcare), Tyco Electronics Ltd. (now TE Connectivity), Tyco International Ltd. (formerly Tyco fire and safety business & Tyco engineering products and Service Department); Currently Tyco International Ltd is composed of 5 departments: ADT Global, Fire Services, Safety Products, Flow Control and Electrical and Metal Products Department;
  • In September 2011, Tyco decided to continue the spin-off of the company, spin-off the company’s traffic control business, North American community security business and international fire protection and security business. The spin-off was completed on October 1, 2012;
  • In 2012, the flow control business of Tyco International Ltd officially merged with Pentair to form Pentair Ltd.;
  • In November 2013, Tyco contacted a number of private equity companies and planned to sell its security business in South Korea-Caps Co.;
  • In February 2014, the U.S. private equity investment company Carlyle Investment Group negotiated with Tyco to acquire its South Korean Security Systems Department for US$2 billion;
  • In 2014, Tyco International sold its New Zealand security company Armourguard Security limited to Evergreen International. ;
  • On January 25, 2016, Tyco International announced the merger with Johnson Controls .

Tyco International Tyco (TYC) investment:

Delisted due to acquisition!

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