Tyco Completes Acquisition of Retail Analytics Leader ShopperTrak

28 Jan 2016

Tyco International plc (NYSE: TYC) announced today that it has completed its previously announced acquisition of ShopperTrak, a Chicago-based leading global provider of analytics for the retail industry, for approximately $175 million in cash.

ShopperTrak's solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking. Combining these capabilities with its existing loss prevention, inventory intelligence and retail traffic analytics solutions, Tyco now offers retailers a unique combination of insights that they can use to make more informed decisions to improve their revenue and profitability.

ShopperTrak currently generates approximately $75 million of annual revenue. The financial results of this business will be reported within both the North America and Rest of World Integrated Solutions and Services segments.

ABOUT TYCO

Tyco (NYSE: TYC) is the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. Tyco has over 57,000 employees in more than 900 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit www.tyco.com.

FORWARD-LOOKING STATEMENTS

This press release contains a number of forward-looking statements. In many cases forward-looking statements are identified by words, and variations of words, such as "anticipate", "estimate", "believe", "commit", "confident", "continue", "could", "intend", "may", "plan", "potential", "predict", "positioned", "should", "will", "expect", "objective", "projection", "forecast", "goal", "guidance", "outlook", "effort", "target", and other similar words. However, the absence of these words does not mean the statements are not forward-looking. Examples of forward-looking statements include, but are not limited to, revenue, operating income, earnings per share and other financial projections, statements regarding the health and growth prospects of the industries and end markets in which Tyco operates, the leadership, resources, potential, priorities, and opportunities for Tyco in the future, Tyco's credit profile, capital allocation priorities and other capital market related activities, and statements regarding Tyco's acquisition, divestiture, restructuring and other productivity initiatives. The forward-looking statements in this press release are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are outside of our control, and could cause results to materially differ from expectations. Such risks and uncertainties include, but are not limited to: economic, business, competitive, technological or regulatory factors that adversely impact Tyco or the markets and industries in which it competes; unanticipated expenses such as litigation or legal settlement expenses; tax law changes; and industry specific events or conditions that may adversely impact revenue or other financial projections. Actual results could differ materially from anticipated results. Tyco is under no obligation (and expressly disclaims any obligation) to update its forward-looking statements. More information on potential factors that could affect the Company's financial results is included from time to time in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the SEC, including the Company's Form 10-K for the fiscal year ended September 25, 2015, filed with the SEC.

TYCO
Website
T: +44 (0) 208 750 5660

Tyco Security Products
3 Heathrow Boulevard
282 Bath Road
UB7 0DQ
Sipson, West Drayton , Middlesex
United Kingdom

Cyber Security to the fore at C•CURE End User Event
Product News

Cyber Security to the fore at C•CURE End User Event

Read more

Tyco Video Surveillance Solution Helps Combat  Religious Hate Crime
Product News

Tyco Video Surveillance Solution Helps Combat Religious Hate Crime

Read more

Tyco Security Products Appoint EMEA Intrusion Product Marketing Manager
Product News

Tyco Security Products Appoint EMEA Intrusion Product Marketing Manager

Maciej Polak has been appointed the new Product Marketing Manager for Tyco Security Products Intrusion brands for the EMEA region

Read more

Tyco Security Products Appoint Regional Account Manager for North of England and Scotland
Other News

Tyco Security Products Appoint Regional Account Manager for North of England and Scotland

Linda Wood has joined Tyco Security Products as Regional Sales Manager – North.

Read more

Aperio’s locktechnology integrated with Tyco Access Control
Product News

Aperio’s locktechnology integrated with Tyco Access Control

The recently established technology partnership between ASSA ABLOY and Tyco Security Products has resulted in the successful integration of Aperio wireless lock technology withthe C•CURE 9000 security and event management system.

Read more

Visonic named Supplier of the Year
Product News

Visonic named Supplier of the Year

Visonic, the wireless intruder detection division of Tyco Security Products, has won the 2016 ADI Global DistributionSupplier of the Year award

Read more

Tyco Security Products introduce updated version of Kantech EntraPass software
Product News

Tyco Security Products introduce updated version of Kantech EntraPass software

EntraPass 7.10 supports Mobile Credentials Application for use on iOS and Android smartphones

Read more

List your business for free

Create a business listing on the UK's leading security and fire directory

Get the IFSEC Global newsletter

The latest security and fire news, trends and insights