Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Tyco Electronics Corporation history
Tyco Electronics Corporation company history timeline
Earnings were down despite the focus on cost containment, and the 1993 fiscal year saw the company post net income of a mere $1 million.
In reflection of an increased emphasis on the international market, the company changed its name to Tyco International Ltd. in 1993.
The first major acquisition of the Kozlowski era came in 1994 when Tyco paid $1.4 billion for Kendall International, a maker of disposable medical products with annual sales of $800 million.
In February 1998 Kozlowski turned down an offer to become president and eventual CEO of Raytheon Company.
In March 1998 Tyco closed on a $1.8 billion purchase of the Sherwood-Davis & Geck division of American Home Products.
Yet another maker of disposable medical products was added in November 1998 when Tyco paid $460 million in cash for Graphic Controls Corporation.
In early 1998, ADT joined the Tyco family as part of its Fire and Safety Services Group.
TE Connectivity was founded in September 1999 and is headquartered in Schaffhausen, Switzerland.“
During 1999, in keeping with an increased focus on businesses with strong recurring sales streams and low cyclicality, Tyco divested the Mueller Company and portions of Grinnell Supply Sales and Manufacturing.
The Securities and Exchange Commission (SEC) launched an inquiry into the matter in 1999 but did not take any action.
1999: AMP Incorporated is acquired for $11.3 billion; Raychem Corporation is also acquired.
Tyco sold its ADT Automotive vehicle auction business to Cox Enterprises, Inc. for $1 billion in October 2000.
Tyco wrapped up fiscal 2001 with the $1 billion Cambridge Protection deal, completed in July 2001, which gave Tyco the SecurityLink line of electronic security systems.
2003: Restructuring is launched that involves the divestiture of more than 50 noncore businesses, the elimination of about 7,200 jobs, and the closure of 219 facilities worldwide.
Through this and other streamlining initiatives, Breen aimed to achieve $3 billion in savings by 2006.
On March 10, 2011, Tyco Electronics Ltd. changed its name to TE Connectivity, which the company says it feels is more relevant to its position as a component and communications manufacturer.
"Tyco International Ltd. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/tyco-international-ltd
Rate how well Tyco Electronics Corporation lives up to its initial vision.
Tyco Electronics Corporation jobs
Do you work at Tyco Electronics Corporation?
Is Tyco Electronics Corporation's vision a big part of strategic planning?
Tyco Electronics Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Delphi Holdings, LLC | 1999 | $26.0M | 50 | 9 |
| Entegris | 1966 | - | 5,000 | 185 |
| Viasystems Group | 1996 | $1.2B | 14,854 | - |
| Trend Technologies | 1979 | $130.9M | 1,980 | - |
| Ensign-Bickford Industries | 1836 | $280.0M | 600 | 186 |
| Chromalloy Gas Turbine LLC | 1987 | $460.0M | 1,300 | 111 |
| Global Solar Energy | 1996 | $6.3M | 100 | - |
| Ultralife | 1990 | $164.5M | 580 | 38 |
| Memry | 1982 | $60.4M | 200 | - |
| Nordson | 1935 | $2.7B | 7,555 | 98 |
Tyco Electronics Corporation history FAQs
Zippia gives an in-depth look into the details of Tyco Electronics Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tyco Electronics Corporation. The employee data is based on information from people who have self-reported their past or current employments at Tyco Electronics Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tyco Electronics Corporation. The data presented on this page does not represent the view of Tyco Electronics Corporation and its employees or that of Zippia.
Tyco Electronics Corporation may also be known as or be related to Tyco Electronics and Tyco Electronics Corporation.