|
|
Acquisition of FirstService Security Completed
July 2, 2008
Business Being Integrated into ADT North America, Strengthening Systems Integration Platform BOCA RATON, Fla. - July 2, 2008 – The $187 million acquisition of FirstService Security, formerly a division of FirstService Corporation, has been finalized and the business is now being integrated into ADT North America. FirstService Security operated under the Security Services & Technologies (SST) brand name in the U.S. and under the Intercon Security brand name in Canada.
The acquisition strengthens ADT North America’s full range of integrated security systems services, including design, installation, servicing and monitoring of access control, video systems and intrusion systems.
“FirstService Security has a reputation for quality service and an ability to meld physical security with information technology, providing end-users with customized, integrated systems,” said John Koch, president of ADT North America.
“Having the skills and technological know-how to work with today’s information systems and networks is vital,” he said. “FSS will expand capabilities in this area, opening up new business opportunities in key vertical markets such as banking and energy.”
Approximately 2,400 people at 17 offices in the U.S. and Canada are now ADT North America employees. Reporting to Koch will be Frank Brewer, the former chief executive officer of FSS and now head of ADT Integrated Solutions, a newly formed division of ADT North America.
“We are pleased to be part of ADT with its strong brand recognition and powerful marketing that will help deliver our message of high quality service for integrated systems on a large scale,” said Brewer. “The capabilities of our people and the technologies we have developed, combined with ADT’s strong presence, will provide current and prospective customers with value-added services and solutions.”
FSS brings to ADT a strong background as a leading security integrator with deep experience in integrating commercial systems for a wide-variety of industries and markets, including petrochemical, financial, education, telecommunications, utilities and healthcare. About ADT Worldwide ADT, a unit of Tyco International, is the largest provider of electronic security services to more than seven million residential, commercial and government customers. ADT’s total security solutions include: intrusion, video, electronic article surveillance, integrated systems, critical condition monitoring and radio frequency identification (RFID). For additional information about ADT, visit the company’s Web site at www.adt.com. Contacts:
Bob Tucker
ADT Security Services
(561) 988-3619
e-mail: btucker@adt.com
|
|
|
|
|
