Jan 13, 2006 - Tyco announced a plan to divide its current portfolio of diverse businesses into three separate, publicly traded operating companies - Tyco Electronics, the world's largest passive electronic components manufacturer; Tyco Healthcare, a global healthcare leader in medical devices, technology and disposables and Tyco International, a diversified global business with leading positions in residential and commercial security, fire protection and industrial infrastructure products and services.
"In the past couple of years, we have made great progress in integrating and strengthening all of the businesses in the company and creating a strong balance sheet. As we looked to the future, we concluded that the best plan for our businesses, shareholders and customers was to divide the company into three independent companies. This will enable each new company to achieve its full potential by focusing on its core values and strengths", according to Tom Lynch, Chairman and CEO and Juergen Gromer, Vice Chairman and President of the company.
Tyco expects to complete the transactions during the first quarter of calendar 2007.
As an independent publicly traded company, Tyco Electronics will be better positioned to further expand its portfolio, market and technology leadership. Tyco Electronics is one of the world’s largest suppliers of electronic components, including connectors, switches, relays, circuit protection devices, touch screens, magnetics, resistors, wire and cable, as well as fiber-optic and wireless components and systems.
A several months ago Tyco Electronics opened a representative office in Bulgaria, which is responsible for the sales and marketing of the company in Bulgaria.
Machinery Electronics Electrics Automation Communications
|
NEWS : EVENTS : ARTICLES
|
 |
