ADT and Tyco
ADT is a publicly traded company. Previously, ADT and two other businesses all operated under Tyco. In 2011, the Tyco International board of directors divided the business into separately owned companies. The three independent, publicly traded companies created in the separation are:
– Tyco Fire and Security
– Flow Control
The decision was announced after the board of directors evaluated each company’s opportunities and decided that each could operate and thrive in its respective industry.
ADT is the standalone residential and small business security company that formed as part of the Tyco split. It is North America’s leading provider of monitored alarm systems and serves more than 6 million homes and small businesses in the United States and Canada.
ADT also provides interactive home services including home automation. The security provider is involved with multiple aspects of the customer experience – from sales to installation to alarm monitoring.
After the official separation, Naren Gursahaney became ADT’s new Chief Executive Officer and the company was officially renamed The ADT Corporation.
As North America’s security monitoring leader for residential and business customers, ADT continues to maintain a high profile in the world of security news.
Tyco Fire and Security
Tyco Fire and Security is the largest global provider of fire and security products serving industrial, governmental, commercial and retail customers. In its new role, the company will focus on the commercial aspect of operations in both the North American and international markets.
The third business that was involved in the split was Flow Control. The company supplies flow managment and water and environmental systems, as well as thermal control solutions, to the global market. Flow Control merged with Pentair Inc., an international industrial manufacturing company, and was renamed Pentair Ltd.