Siemens Electromechanical division, it was revealed yesterday.

Tyco, which is a diversified manufacturing and service company, said that it has completed the previously announced acquisition of Siemens Electromechanical Components GmbH & Co. KG from Siemens AG.

The move was announced on September 28, 1999, when Tyco agreed to purchase Siemens EC for approximately $1.1 billion in cash.

Siemens will be integrated with Tyco Electronics within Tyco's Telecommunications and Electronics segment.

The combined group will be the world leader in the manufacture of passive electronics products.

Siemens EC, with sales of approximately $900 million, is the world market leader for relays and one of the world's leading providers of components to the communications, automotive, consumer and general industry sectors, offering a broad spectrum of products ranging from individual components to intelligent subsystems.

"Siemens Electromechanical Components business is an excellent fit with Tyco Electronics and will have a significant immediate positive impact to earnings,'' said L. Dennis Kozlowski, Tyco's Chairman and Chief Executive Officer.

"From a product standpoint, Siemens EC's relays are highly complementary with Tyco Electronics' connectors and interconnect products and allow us to leverage our customer relationships.

From a market standpoint, the combination of Siemens EC's strengths in the telecommunications industry and Tyco Electronics in the automotive industry provides powerful opportunities to enhance our combined market position,'' he added.

Tyco is a diversified manufacturing and service company and is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems.

The company is also the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services, has strong leadership positions in disposable medical products, plastics, and adhesives, and is the largest manufacturer of flow control valves.

The Company operates in more than 80 countries around the world and has expected fiscal 2000 revenues in excess of $25 billion.