Investment Firm Buys Tyco Electronics

The Gores Group, a Los Angeles-based investment firm, has acquired Tyco Electronics Power Systems from Tyco Electronics Ltd. for $100 million in cash, subject to a final working capital adjustment.

Tyco, a former division of Bermuda-based Tyco Electronics Ltd., has been renamed Lineage Power and will be part of the newly formed Lineage Holdings Inc., which will be based in Mesquite, Texas. Lineage Holdings operates through two separate entities, Lineage Power and Vincotech. Lineage Po

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish