Tyco CEO Comments on Acquisition Strategy and Integration

Tyco's CEO Ed Breen stated that the company is not looking at any other acquisition of this size, but may pursue bolt-on acquisitions totaling $300 million to $500 million over the next year on its security, fire, and flow control platforms. He emphasized that the Broadview integration is expected to be relatively easy due to its North American focus and significant day-one synergies.

“We are not looking at any other acquisition that would be of this size. I would ballpark you that during the next year we might have a bolt-on or two that makes strategic sense for us on one of these three platforms. And I would estimate that that could maybe add up to, in total, $300 million to $500 million, something in that range.”

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