BCE to Acquire AlarmForce Industries
BCE Inc. has announced that it will acquire AlarmForce Industries Inc. for approximately $166million. George Cope, president and CEO of BCE Inc. and Bell Canada expressed that the acquisition is “a natural 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.”
AlarmForce is one of the largest home and business security companies in Canada with over 100,000 subscribers. The acquisition will enable Bell to expand into the connected home sector in Ontario and Quebec in particular. Bell currently provides residential and business customers in Atlantic Canada and Manitoba with services from Bell Aliant NextGen Home Security and AAA Security, a Bell MTS company.
The AlarmForce acquisition is expected to close in January, 2018