Tyco Acquires Westfire
Tyco (NYSE: TYC) announced today the acquisition of Westfire, Inc., a leader in special-applications fire protection services with operations in the United States, Chile and Peru. Westfire provides critical special-hazard suppression and detection applications in mining, telecommunications and other vertical markets. Their full range of fire protection services includes hazard analysis, as well as system design, installation, maintenance and testing combined with customized system documentation.
Westfire's US operations are concentrated in the Western United States and will be combined with Tyco's North American Fire Services business. Westfire's highly skilled and experienced workforce will enhance Tyco's service differentiation with added project design and execution capabilities. In Latin America, this acquisition enhances Tyco's service capabilities in the mining industry in Chile and provides an entry into the Peruvian market, both of which are important growth markets for Tyco. While already an established customer of Tyco's Fire Protection Products business, Westfire has the opportunity to further leverage this relationship to meet the requirements of Westfire's customers in mining and telecommunications.
"Westfire is a powerful addition to Tyco's capabilities. It expands our service footprint and recurring revenue