Tyco International

The Tyco International Ltd.. is an international conglomerate with U.S. roots and headquarters in Schaffhausen in Switzerland as well as major administrative centers in Princeton (New Jersey). The main lines of business of Tyco include electronic components, medical equipment, fire protection, security and leakage of fluid control systems.

Tyco employs approximately 113,000 employees and in 2008 generated sales of 20.199 billion U.S. dollars. The group operates in more than 60 countries. The shares of Tyco International Ltd.. are listed on the New York Stock Exchange and were represented by 16 March 2009, the stock index S & P 500.

Company History

Tyco was founded in 1960 by Arthur J. Rosenburg.

In 1992, Dennis Kozlowski, CEO of Tyco, who sat through an aggressive acquisition strategy over 1,000 companies between 1991 and 2001. The acquisitions include companies like ADT Security, Curad and business scope of Siemens, Raytheon and AT & T.

With the acquisition of ADT Security 1997 Tyco moved its headquarters to Pembroke, Bermuda. Although this change of corporate headquarters was officially presented as part of the merger (ADT was already settled in Bermuda ), the change was seen as a quasi- legal step in a tax haven in the public debate. The tax benefit was touted to shareholders and investors in the publications.

Shortly before a planned stock split in 1999 there were rumors of accounting irregularities. The rumors were denied emphatically by the management of Tyco, who accused the sources of price manipulation in personal interest. Partly in response, fought some shareholders at the AGM for a change of corporate form into a Delaware AG, but this request was rejected by the Board.

During this time, Tyco split his deep sea cable laying department from which they had acquired by AT & T and managed as Tyco Submarine Systems, and brought them expected to go public.

During the 1990s, Tyco's income seemed to continuously increase, which is why many investors confer upon it the status of a Blue Chip. In retrospect, this had to be viewed as an illusion, which was caused by the accounting treatment of acquisitions. Unlike companies such as Enron, MCI Worldcom and HealthSouth, against the 2001 and 2002 allegations of fraud and other charges were levied, Tyco never got into a liquidity crisis.

On January 13, 2006, the Company announced to split into three publicly traded companies: Tyco Healthcare, Tyco Electronics and Tyco Fire & Security. The spin -off was made on 29 April 2007. Since then, the healthcare division operates under the name Covidien, Tyco Electronics took over the range electrical appliances and hardware. The stand-alone company name (company) Tyco will henceforth be used for the fire protection and safety engineering division. Tyco Electronics announced in September 2008 until mid-2009 to close the two existing plants in France and production in the locations Words to live by ( Germany ) and Trutnov (Czech Republic) to relocate.

In 2008 the group decided to move its headquarters from Bermuda to Switzerland. The relocation to Schaffhausen was completed on 17 March 2009. This was accompanied by the conversion of Tyco International Ltd.. into a joint stock company under Swiss law.

1 October 2012 was the spin-off the division ADT Security System.

Accuse

The former chairman and CEO Dennis Kozlowski and former chief financial officer Mark H. Swartz were accused of stealing 600 million U.S. dollars, the criminal conspiracy at the expense of the company, balance sheet manipulation and violation of stock exchange rules.

During the deliberations of the jury jury a juror walked through the courtroom and made with her ​​fingers an "okay " sign towards the back table. Later, she denied to have this gesture intended, but the incident happened in public, and the jurors received after the publication of their names threats. Judge Michael Obus said on 2 April 2004, the stay of proceedings.

After the retrial on 17 June 2005 Kozlowski and Swartz were found with the exception of one every 30 charges guilty. The ruling allows prison sentences of up to 25 years. Kozlowski himself was sentenced to a prison term of not less than eight years and four months and not more than 25 years and a compensation of U.S. $ 134 million.

Tyco in Germany

Tyco Electronics is after the acquisition of the German AMP GmbH, Raychem GmbH and Jordan GmbH & Co KG Employers for 4900 employees at the production sites Heidelberg, Langen, Bensheim, Ottobrunn, Berlin, Words to live by, Dinkelsbühl and Speyer, which together almost € 2 billion to implement. . Since 2007, Thomas J. Lynch, in succession to Dr. Juergen W. Gromer, president of the business unit Tyco Electronics with 88,000 employees worldwide, the U.S. converts $ 12.2 billion.

Furthermore, the TOTAL WALTHER GmbH, fire protection and security in Cologne is part of the Tyco Group. Part of the Group is also competent for the mobile fire protection ( fire extinguishers Extinguishing water technology service, etc. ) Total Fire Protection Company GmbH, based in Ladenburg.

In addition, the SEMPELL 1996 taken in Korschenbroich. The company founded in 1874, manufactures fittings and valves for the plant.

Furthermore, the total ADT Group is in Germany to Tyco Group. The main ADT companies in Germany are:

  • ADT Germany GmbH
  • ADT Sensormatic GmbH
  • ADT - Service-Center GmbH

The medical division " Covidien " has its headquarters in Neustadt an der Donau and employs generating a turnover of over 300 million euros approximately 700 employees.

Under the heading Tyco Flow Controls the Tyco Thermal Controls Division is located. Tyco Thermal Controls - Specialty electrical heating, Measurement Control Engineering and leakage monitoring.

Products

Among the many products manufactured by Tyco include:

  • Electronic components, solderless terminal and Cable
  • Network management, mobile communication technology, sensor technology and mechatronics
  • Passive telecommunication technology
  • OpenSky and EDACS - border communication systems
  • Plant
  • Fire extinguisher, extinguisher, extinguishing systems, fire protection equipment, property and building protection, fire alarm systems
  • Sprinkler systems
  • Medical devices ( Kendall sterile water and humidifier, wound care, Nellcor pulse oximetry, Puritan Bennett ventilators, Monoject syringes, Shiley tracheal tubes, etc. )
  • Plastic products
  • Pharmaceuticals ( leading manufacturer of narcotics and acetaminophen ), Mallinckrodt Laboratory Chemicals products
  • Security systems ( ADT)
  • Curad burn dressings
  • Fittings
  • Nashua tube band
  • Polyken Pipeline Products
  • Security products (including industrial safety & Personal Protective Equipment )
  • Command and control systems
Types of business entity International Securities Identification Number Chief Executive Officer Corporate spin-off The ADT Corporation
780785
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