In a deal worth about $2 billion, ADT (owned by Tyco Intl) bought Brink’s Home Security which combines two of the nation’s largest home security companies.
Brink’s which operates as Broadview Security provides monitored security systems in North America, and 93 percent of its 1.3 million customers are residential.
ADT provides electronic security to more than 7.4 million residential, commercial and institutional accounts worldwide. Tyco also provides fire protection services and industrial valves and pipe products.
These are the two biggest firms on the block and must pass anti-trust regulations before the deal is approved. Hopefully customers of both services will have uninterrupted service and receive the same if better customer service.
~Hat tip to Tabatha for the heads up on this one.
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