Tyco to Acquire Lucent's Power Systems Unit for $2.5 Billion

Publish date:

Tyco International


agreed to acquire



power systems business unit for $2.5 billion in cash.

The acquisition requires customary regulatory approvals. Tyco, a diversified manufacturing and services company, expects the acquisition to immediately add to earnings.

Lucent's power systems business provides energy and power products for telecommunications service providers and the computer industry.