Tyco Int'l Ltd. to purchase Scott Technologies Inc. for 1.87 times revenue
Weekly Corporate Growth Report, Feb 19, 2001
The Deal: Tyco International Ltd. has agreed to purchase Scott Technologies Inc. for $376 million in stock. The acquisition will give Tyco respiratory equipment products and services to its portfolio.
Discussion: Scott Technologies Inc. makes Scott Air-Pak self-contained breathing devices, air-purifiers, gas detection instruments and oxygen masks through its Scott Aviation subsidiary. Its primary customers include firefighters and aviation personnel and passengers. Scott also provides respiratory product maintenance and overhaul services. Scott Technologies' major customers include distributor Aviall and the United States government. Through a joint venture, the company also supplies fixed and portable gas detection instruments.
Related Results
Tyco International Ltd. controls more than 200 businesses and operates in five industry segments. Its largest unit, Electronics, makes electrical connectors, conduits and printed circuit boards. Its Healthcare and Specialty Products group makes bandages, crutches, adhesives and plastic hangers. Tyco's Fire and Security Services unit is the world leader in security and fire-protection systems. Its Flow Control group makes pipe, pipe fittings, tubing, flow meters and other steel equipment for commercial and industrial applications. Tyco's Telecommunications unit makes undersea fiberoptic cable.
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