Tyco To Acquire Scott Technologies

Tyco International has merged with Scott Technologies, a designer\r\nand manufacturer of respiratory systems and other life-saving devices\r\nfor the firefighting and aviation markets.

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Tyco International has merged with Scott Technologies, a designer and manufacturer of respiratory systems and other life-saving devices for the firefighting and aviation markets.

Scott Technologies'' products include air supplied, air-purifying and gas detection products for firefighting and industrial applications.

According to L. Dennis Kozlowski, Tyco''s chairman and chief executive officer, "Scott Technologies, which is a leader in its markets, will add significant revenue to Tyco Fire & Security Services. Scott''s equipment is sold to many customers of Tyco Fire & Security Services group, providing complementary products through a common distribution channel."

Mark Kirk, president and chief executive officer of Scott, said, "Over the past two years, Scott has achieved tremendous financial and operational success. However, with our industry entering a period of significant consolidation, size and scale will be increasingly important. Therefore, we decided to seize the opportunity to become a part of Tyco, a strong company with a diverse product offering and substantial international market reach.

by Virginia Sutcliffe

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