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Delta Electronics to acquire March Networks for US $114M from Shenzhen Infinova

October 2, 2021
Source: privatecapitaljournal.com privatecapitaljournal.com
News Snapshot:
Delta Electronics, Inc. (TPE: 2308) has agreed to acquire 100% of the shares in Infinova (Canada) Ltd., owner of Ottawa based video surveillance and business intelligence leader March Networks from Infinova International Ltd. for US $114 million or approximately NTD 3,163,500,000. The acquisition is expected to strengthen Delta’s presence in the growing video surveillance market and complement its building automation solutions. The transaction is subject to satisfaction of certain closing conditions (such as regulatory approvals). March Networks from its Canadian headquarters and the March Networks executive management team led by President & CEO, Peter Strom will continue to lead the...
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