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ADT to sell auction business

auction arm as part of its plan to concentrate solely on electronic security services.The US business, called ADT Automotive, had operating income of $41.4 million on sales of $286.8 million for the 12 months to September 30.

auction arm as part of its plan to concentrate solely on electronic security services.

The US business, called ADT Automotive, had operating income of $41.4 million on sales of $286.8 million for the 12 months to September 30. In fourth quarter 1995, the company sold its European vehicle auction business.

ADT's acquisition of Automated Security (Holdings) Ltd. made ADT the largest provider of electronic security services in the UK and in southern California.