MILWAUKEE and CORK, Ireland—Johnson Controls and Tyco International, which announced plans to merge in January, today announced the post-merger executive line-up.
TOKYO—Meet the newest outsider to enter the security industry: Konica Minolta, a $9 billion provider of office equipment and optical systems, has signed an agreement to acquire video surveillance provider Mobotix.
BOCA RATON, Fla.—Apollo has landed again. After years of rumors that ADT would be acquired by one entity or another, the home and business security giant today announced it has agreed to be acquired by Apollo Global Management for $6.9 billion ($42 per share). Apollo plans to combine ADT with Protection 1 and, according to an ADT news release, “will operate primarily under the ADT brand.”
MILWAUKEE and CORK, Ireland—In a deal that brings strategic security capabilities and substantial tax benefits, Johnson Controls announced today that it will merge with Tyco. The deal was approved by the board of directors of both companies and is expected to close at the end of 2016.
MEMPHIS, Tenn.—Raymond James has hired Stephan Segouin as a managing director in the firm’s Security, Defense & Government Services Investment Banking practice. Segouin will work with group co-head Alper Cetingok to provide a full range of M&A advisory and capital-raising services to companies in the global security sector.
WASHINGTON—Investment banking group Raymond James now has an office here and has added five new bankers to its Security, Defense and Government Services practice.
