Delta closes acquisition of March Networks
Ottawa-based March Networks Wednesday announced the completion of its acquisition by Delta. The deal was first announced in October.
Through its subsidiary Delta International Holding Limited B.V., Delta acquired 100 per cent of the shares in Infinova (Canada) Ltd., owner of March Networks, from Infinova International Ltd.
“With Delta’s support, March Networks will accelerate its transition toward cloud video surveillance services,” said March Networks president and CEO Peter Strom. “We’re excited to be working with Delta as our new parent company, and we look forward to the projected growth of the cloud video market.”
The acquisition of March Networks is expected to strengthen Delta’s presence in the video surveillance market beyond VIVOTEK, of which it owns a majority stake. It will also complement Delta’s building automation solutions, according to the company.
For more on Delta’s acquisition of March Networks, read our story in the Nov/Dec issue of SP&T News.