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SCHAFFHAUSEN, Switzerland — Tyco International Ltd. today announced that it will split into three independent, publically traded companies, according to a press release.
The three companies created through the separation will consist of ADT’s North American residential security, the world’s leading provider of flow control products and the world’s biggest commercial security and fire-systems division.
“Over the last four years, we have strengthened our competitive position in our core security, fire and flow control businesses by driving organic growth, investing in R&D and technology, increasing efficiency and productivity and making strategic acquisitions,” said Tyco Chairman and CEO Ed Breen. “Today, each business is in a strong financial position and has exceptional brands, highly skilled employees and talented, experienced leadership.”