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Tyco International acquires sensormatic franchise

Tyco International Ltd. announced that it has purchased substantially all of the assets of Winner Security Services, LLC for approximately US$90 million.

Winner is a franchisee of Sensormatic Electronics Corporation in the states of Pennsylvania and Delaware.

The franchise was originally granted by Sensormatic Electronics Corporation more than 40 years ago, prior to Tycos acquisition of Sensormatic in 2001.  Under the original agreement, Winner was granted rights to sell, install and service certain Sensormatic products and was entitled to commissions on Sensormatic products sold, installed or shipped into its franchise territories by other companies.

Sensormatic, part of Tyco International, is the industry leading provider of retail loss prevention solutions.  The Sensormatic solutions portfolio is sold through ADT and Tyco partners around the world.

 

For more information, please send your e-mails to swm@infothe.com.

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