CORK, Ireland, Jan. 26, 2016 /PRNewswire/ -- 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.
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SOURCE Tyco