Tyco International To Acquire ShopperTrak For $175 Mln

(RTTNews) - Tyco International plc (TYC) Tuesday said reached a definitive agreement to acquire ShopperTrak, a global provider of retail consumer behavior insights and location-based analytics, for approximately $175 million in cash. Chicago based ShopperTrak has 1,200 retailers in 97 countries.

The acquisition is expected to be neutral to earnings in the first 12 months to Tyco, however, excluding purchase accounting from amortization, the transaction is expected to be $0.02 accretive to earnings per share before special items over the same period. Tyco's fiscal 2016 earnings per guidance for the first quarter and full year remain unchanged.

Tyco said the the addition of ShopperTrak and the recent acquisition of U.K based retail traffic analytics will capture data from 35 billion shopper visits annually.

Girish Rishi, Tyco's EVP of North America Integrated Solutions & Services and Global Retail Solutions said, the ShopperTrak acquisition will enable to help retailers effectively improve the shopper's experience, thus enhancing their revenues and profitability.

This transaction is expected to close in Tyco's fiscal second quarter.