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

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.