Tyco completes sale of Infrastructure Services business to AECOM

Tyco substantially completed the sale of a portion of its Infrastructure Services business (Earth Tech, Inc.) to AECOM Technology Corporation for approximately $455 million, with additional assets in China to be transferred later for $55 million.

“On July 25, 2008, the Company substantially completed the previously announced sale of a portion of its Infrastructure Services business for cash and other consideration of approximately $455 million. Certain assets in China were excluded from the closing and are expected to be transferred to the purchaser, AECOM Technology Corporation, for additional consideration of approximately $55 million once necessary consents and approvals are obtained.”

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