The multinational security solutions company has acquired the Costa Rican firm Circuito, with a plan to expand its business in the region, focusing in particular on electromechanical design services.
Friday, June 24, 2016
From a statement issued by Tyco:
Tyco announced today that it has acquired Circuito SA, a leading firm in electrical design engineering with operations inCosta Rica, Panama and Mexico. For more than 40 years Circuitohas excelled in providing electromechanical engineering design, project development, field supervision and commissioning in the industrial, commercial, and hospitality sectors, and other market sectors in Central America.
"There is a greater need, on the part of our customers, for more complex integrations.Circuito will improve the ability of Tyco to offer a higher level of integration to our customers in Latin America, with the highest level of service," said Osvaldo San Martin, Presidentof TycoLatinAmerica. "The Circuito workforce, highly qualified and experienced in design and engineering, combined with Tyco's comprehensive product portfolio creates a unique combination of solutions to help our customers with their growing needs.This strategic acquisition reinforces our commitment to the region and to customers."
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Panama Government Purchase 2018-2-80-0-08-LP-001595:
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