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Announced

Completed

Delta Electronics completed the acquisition of March Networks for $114m.

Financials

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Transaction Value£84m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Security Equipment

Canada

Friendly

video surveillance systems

Single Bidder

Cross Border

Majority

Acquisition

Private

Completed

Synopsis

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Delta Electronics, a provider of power and thermal management solutions, completed the acquisition of March Networks, a Canadian-based video surveillance and business intelligence firm, for $114m. "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," Ping Cheng, Delta CEO.

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