Tyco completes $171M acquisition

Tyco International has completed its $171 million acquisition of Signature Security from Oceania Capital Partners.

Signature Security will now be combined with Tyco’s ADT Security business.

ADT Security Australia managing director Mark Norton said the acquisition will strengthen the company’s position and support ADT Security’s vision for long-term growth in the Asia-Pacific region.

“ADT and Signature have strong operating platforms and a shared dedication to quality customer service. As we move forward together we plan on retaining the best elements of both businesses, leveraging our combined scale and resources to offer better sales, installation and service capabilities to our customers,” he said.

“While integration will take some time, our immediate focus is on ensuring the process is a smooth and collaborative one. To this end, we have a plan in place to ensure a successful transition for our staff, customers and other stakeholders over the coming months.”