The acquisition will help the companies in getting placed among the top 10 in the global security and surveillance market
March Networks will be a wholly owned subsidiary of Infinova(Canada) Ltd.

Infinova (Canada) Ltd., a subsidiary of majority U.S.-owned  Infinova, a global provider of complete video surveillance solutions headquartered in Monmouth Junction, N.J., has entered into an agreement to acquire March Networks Corporation, a provider of intelligent IP video solutions and the market leader in DVR/NVR sales in the U.S., based in Ottawa, Ontario, for approximately C$90.1 million.

"The combination of Infinova's global robust manufacturing, research and development capabilities and March Networks' innovative technological design provides our customers with industry-leading, 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) Ltd., operating independently under its existing name and brands. The acquisition is intended to drive growth through both companies' complementary product and service offerings.

"We have always been a technology leader with forward-thinking ideas and cutting-edge design," said Peter Strom, president and CEO of March Networks. "Now we will have Infinova's additional research and design resources as well as manufacturing expertise. These advantages will help us remain among the leaders in the industry by enabling us to bring more innovative products to the market at an accelerated pace."

In 2010 Infinova was listed on the Shenzhen Stock Exchange and raised USD$300 million to support organic growth and fund acquisitions. The acquisition of March Networks, Infinova's first, shall be completed with cash on hand. Closing is subject to shareholder approval of both companies and regulatory approvals.

Download PDF version Download PDF version

In case you missed it

Enhancing collaboration in physical security operations
Enhancing collaboration in physical security operations

In the past, security and IT teams operated independently, but today collaboration is critical. Modern security systems rely on various devices and systems that are linked to inter...

How can the industry do a better job of promoting emerging technologies in physical security environments?
How can the industry do a better job of promoting emerging technologies in physical security environments?

By all accounts, technology development is moving at a rapid pace in today's markets, including the physical security industry. However, market uptake of the newest technologies ma...

Dahua & KITT Engineering's LED screen innovations
Dahua & KITT Engineering's LED screen innovations

About a year and a half ago, Peter de Jong introduced Dahua to Fred Koks, General Manager of KITT Engineering. Since then, Dahua, KITT Engineering, and Ocean Outdoor have complete...

Quick poll
What is the most significant challenge facing smart building security today?