Tyco International Ltd., the producer of security systems, announced Monday that it would acquire home security provider Brink's Home Security in a cash and stock deal worth $2 billion.

Switzerland-based Tyco will pay $42.50-a-share for the Texas-based Brink's Home Security, representing a premium of 35 per cent over Brink's stock that closed at $31.42 a share on Friday.

Tyco has plans to combine Brink's Home Security with its own ADT security system, which provides work for 60,000 people around the world.

Commenting on the issue, a spokesperson for Tyco Paul Fitzhenry said, "The acquisition strengthens Tyco's position in our largest business segment.”

Brink's operates as Broadview Security, which supplies monitored security systems in North America. Residential customers account for around 93 per cent of Broadview’s total 1.3 million customers.

City group advised Tyco on the deal, while Morgan Stanley advised Brink’s.