Tyco International Ltd. (NYSE: TYC) announced today that the company has completed the acquisition of Visonic Ltd. (TASE: VSC.TA), a global developer and manufacturer of electronic security systems and components, for approximately $100 million in cash. The acquisition was first announced on September 15, 2011.

A leader in advanced wireless technology for the security industry, Visonic's portfolio includes wireless communications technologies that offer increased range and secure communications. These technologies are in use in more than 1 million wireless installations around the world.

"The addition of Visonic to the Tyco Security Products portfolio advances our strategy to provide our global customer base with broad-based, best-in-class security solutions," said Mark VanDover, President of Tyco Security Products. "The company's technological capabilities and strong presence in markets such as Europe enable us to further enhance the solutions and reach of our intrusion security portfolio."

The Visonic business, which has annualized revenues of more $75 million, will be integrated into Tyco's Security Products unit, a leading global provider of access control, video and intrusion solutions.

Rotork has announced the acquisition of Prokits Ltd, a designer and manufacturer of valve adaptor kits and accessories for the valve industry, based in Mansfield, UK. Rotork has acquired all the share capital of Prokits.

Prokits has been known to Rotork for many years and the company has built an established customer base for valve adaptation kits and accessories. The sole owner of Prokits, Craig Mellins, has been appointed as General Manager of Rotork Valvekits into which the Prokits business will be merged.

Commenting on the acquisition, Rotork Chief Executive Peter France said: “The acquisition of Prokits, for which Craig Mellins has established a good reputation in the market over the last decade, will increase the customer base and scale of our Rotork Valvekits valve adaptation and accessory products business.”

Amplicon has announced the introduction of a new division, Engineering Services. This new venture, as well as creating new employment opportunities, is to provide the market place with a trusted partner who can be viewed as an extension of the customers own team creating value that can be delivered straight to the bottom line.

Whilst Amplicon is already renowned for supplying high quality complex systems, the new Amplicon Engineering Services division combines the best engineering practice over a range of disciplines such as mechanical, electrical and electronic engineering as well as a custom integration and build facility.; bringing together and capitalising on all of the skill sets that have become the hallmark of Amplicon over the past years.

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JGC Holdings Corporation has recently announced that JGC Corporation has received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry of Oil.

Details of the project are as follows.

1. Client: South Refineries Company (Oil refining company under the Iraqi Ministry of Oil)
2. Construction location: Basrah, Republic of Iraq (Approx. 550 km SE of the capital of Baghdad)
3. Primary equipment (processing abilities): Fluid catalytic cracking unit (34,500 barrels/day), vacuum distillation unit (55,000 barrels/day), diesel desulfurisation unit (40,000 barrels/day), etc.
4. Contract services: Engineering, procurement, construction and commissioning
5. Contract type: Lump sum contract
6. Order amount: Approx. 4 billion dollars (400 billion JPY)
7. Scheduled completion: 2025

Iraq is one of the world's leading oil-producing countries, with a confirmed crude oil reserve of 145 billion barrels and a daily crude oil production of 4.41 million barrels. However, the two refineries currently in operation were constructed in the 1970s and their production capacity has decreased due to war damage and deterioration. Unable to meet domestic demand for petroleum products, Iraq has to import petroleum products such as gasoline.