
Triton acquires Tyco Waterworks from Tyco
Triton has agreed to buy water equipment business Tyco Waterworks from the Tyco group for $245m.
The move will allow Swiss diversified industrials manufacturer Tyco to better focus on its other businesses. The sale is expected to close by the end of the year.
Tyco Waterworks designs and manufactures valves, hydrants, water meters and other products for residential and commercial customers. With 13 manufacturing plants and 1,500 staff, it posted a $350m turnover for 2009.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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