Tyco’s water business eyes higher margins
- From: Vol 11, Issue 10 (October 2010)
- Category: General
- Region: Asia
- Country: Australia
- Related Companies: AECOM, Earth Tech and Tyco
Having sold Earth Tech to AECOM in 2008, Tyco has now shed its European water arm to a private equity house. It should not be read as a sign that the group is exiting the international water business.
Tyco International has further reduced its exposure to the global water market by selling its European waterworks business for $245 million to private equity house Triton, concurrent with its fiscal year end at the end of September.
The divested business manufactures and supplies a range of valves, couplings and other components for residential and commercial customers, and generated revenues of ...
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