Delta to Acquire Global Video Surveillance Provider March Networks

Delta to Acquire Global Video Surveillance Provider March Networks

March Networks expects to accelerate growth and continue transition toward cloud-based VSaaS by collaborating with Delta

Delta, a global supplier of power and thermal management solutions, recently announced its board of directors has approved the purchase of 100% of the shares in Infinova (Canada) Ltd., owner of Canadian-based video surveillance and business intelligence leader March Networks® from Infinova International Ltd. for USD $114 million (approximately NTD $3,163,500,000) through its subsidiary Delta International Holding Limited B.V. The deal is expected to strengthen Delta’s presence in the growing video surveillance market and complement its building automation solutions.

Delta to Acquire Global Video Surveillance Provider March Networks

Ping Cheng, Delta’s chief executive officer, said, “Security being an integral element of smart cities is boosting the global demand for video surveillance technologies. March Networks is a proven leader in providing end-to-end solutions to some of the world’s leading financial institutions, retailers, transit agencies, and commercial customers. We are confident that the collaboration between March Networks and Delta will expand our overall market opportunity and increase Delta’s exposure to the growing video market beyond our surveillance subsidiary VIVOTEK. March Networks’ cloud-based video solutions and business intelligence technologies set it apart and are also a perfect fit with our commitment to develop smart green solutions for a sustainable future.”

March Networks President and CEO, Peter Strom, said, “Delta’s financial strength and scale – with around $10 billion USD in annual revenues, over 80,000 employees, and deep M&A capability –  will serve as an ideal platform for March Networks to accelerate its strategic plan of offering cloud-based video surveillance-as-a-service (VSaaS) and video-based business intelligence solutions to enterprises worldwide”. He added that March Networks’ customers and partners should expect no change to the high-quality products and services they’ve come to expect from March Networks as it embarks on its aggressive growth plans.

Following the closing of the transaction*, it is expected that March Networks will continue to operate from its Canadian headquarters and the March Networks executive management team will continue to lead the organization.

* The closing of the transaction is subject to satisfaction of certain closing conditions (such as regulatory approvals).

About Delta

Delta, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Source: March Networks

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