BCE Announces Agreement to Acquire AlarmForce Industries
BCE Inc. (Bell) announced it will acquire AlarmForce Industries Inc., a Canadian leader in home security and monitoring services, in a transaction valued at approximately $166 million.
“Bell is excited to welcome the AlarmForce team as we pursue the significant growth and innovation opportunities represented by the connected home,” said George Cope, president and CEO of BCE Inc. and Bell Canada. “It's a natural next step for Bell as one of Canada’s most trusted brands in residential services. Leveraging Bell’s network and service leadership and our place in millions of Canadian homes, we look forward to growing our nascent position in security and automation services to ensure Bell residential customers are at the leading edge of connected home innovation.”