He incorporated the business as Tyco Laboratories in 1962, and changed its focus to high-tech materials science and energy conversion products for the commercial sector. In 1964 Tyco went public and, today, the company employs more than 250,000 people, worldwide, within its four core business sectors. Each of Tyco's core businesses is a competitive leader in its specific market: (1) electronics and telecommunications, (2) fire and security services, (3) healthcare and specialty products, and (4) engineered products and services. .
Tyco Electronics develops, manufactures and sells passive and active electrical components and is the largest manufacturer of passive components in the world. 60 percent of the world's cellular phones, computers, handheld devices, and literally all automobiles being built today that have new electronically controlled features, such as radar sensors or passenger comfort systems, are built with Tyco products. The company is also working on introducing more sophisticated fuel economy systems. Tyco is also entering and experiencing growth in new markets, such as developing distribution boxes, fiber optic bus systems, integrated antennas and high-speed chip carrier sockets. Tyco's telecommunications segment is a leading supplier of transoceanic optical networks, and is recognized as the world leader in undersea technology development and application. Tyco Telecommunications is also a leader in the design, construction and operation of sub-sea communication networks. The company is deploying and selling capacity on its global undersea network. .
Tyco Fire and Security Services is one of Tyco International's major segments. This segment brings into the company annual revenues of $10 billion and employs over 95,000 people worldwide. Tyco Fire and Security Services' companies design, manufacture, install, and service electronic security systems, fire protection, detection and suppression systems, and sprinklers and fire extinguishers, including more than 60 brands distributed in markets across the globe.
