Tyco Increases Investment in Middle East Joint Venture

Tyco made an additional investment in its Tyco UAE joint venture with Suwaidi Engineering Group, resulting in full consolidation of the business. This is expected to add approximately $130 million in annualized revenue.

“during the quarter the company made an additional investment in its Tyco UAE joint venture with local partner Suwaidi Engineering Group. Tyco now fully consolidates the financial results of this business”

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