Electronic security business Visonic has been bought out by US company Tyco International in a deal worth $100 million (£63 million).

Electronic security business Visonic has been bought out by US company Tyco International in a deal worth $100 million (£63 million).

Israel-headquartered Visonic, which has operations in the UK, is to be used by Tyco to strengthen its wireless product and technology portfolio in its Tyco Security Products division.

Mark VanDover, president of New Jersey-based Tyco Security Products, says that the deal will boost its intrusion security products for both residential and commercial customers.

VanDover adds: ‘Visonic is an established leader in wireless security technology and its strong presence in the European security market compliments Tyco’s strength in the North American market.’

Visonic recently released its PowerG wireless communications technology, which is aimed at the secure communications sector.

The business has revenues of $75 million, according to a statement. It initially listed on the London stock exchange in 2004, raising $18 million in the process. It was then floated on the Tel Aviv stock exchange (TASE) in June 2006 and delisted from London in 2010.

Visonic is to continue to operate as an independent company but its systems will be sold as Tyco Security Products brands.

Chief executive officer of Visonic, Avi Barir, comments: ‘Under the Tyco umbrella we will be able to offer everything we do today and much more.’