Infinova (Canada), a subsidiary of majority US-owned Infinova, a global provider of video surveillance solutions has entered into an agreement to acquire March Networks, a provider of intelligent IP video solutions and the market leader in DVR/NVR sales in the US for approximately C$90,1 million.
“The combination of Infinova’s global manufacturing, research and development capabilities and March Networks’ technological design provides our customers with complete video security solutions,” said Dr Jeffrey Liu, chairman of Infinova. “This transaction increases our combined global presence and elevates us to a position among the top 10 in the global security and surveillance market in terms of revenue.”
March Networks will be a wholly owned subsidiary of Infinova (Canada), operating independently under its existing name and brands.
The acquisition is intended to drive growth through both companies’ complementary product and service offerings.
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