Fidelity Security South Africa to Buy Tyco Unit ADT

August 18, 2016


ADT to operate as Fidelity ADT, Fidelity says in e-mailed statement.

* Purchase price not disclosed;
* Fidelity ADT to be local distributor for Tyco’s residential and commercial security products;
* Tyco to continue to provide fire, security, life-safety products in South Africa;
* Acquisition is subject to regulatory approvals. Source: Bloomberg