Tyco International Completes Sale of European Waterworks Business

Oct 01, 2010, 09:00 ET from Tyco International Ltd.

SCHAFFHAUSEN, Switzerland, Oct. 1 /PRNewswire-FirstCall/ -- Tyco International Ltd. (NYSE: TYC) today announced that the company has completed the sale of its European Waterworks business to the private equity firm Triton for approximately $245 million.

The European Waterworks business designs, manufactures and supplies equipment for commercial and residential customers in the water supply chain under a number of brand names including Erhard, Belgicast, Bayard and Atplas.  The business generates about $350 million in annual revenue, has 13 manufacturing sites and employs approximately 1,500 people.  

The transaction was first announced by Tyco in late July.


Tyco International Ltd. (NYSE: TYC) is a diversified, global company that provides vital products and services to customers around the world.  Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products.  Tyco had 2009 revenue of more than $17 billion and has more than 100,000 employees worldwide.  More information on Tyco can be found at www.tyco.com.

SOURCE Tyco International Ltd.