CALGARY — Calgary-based telecom equipment maker Circa Enterprises announced today it has entered into an agreement to acquire Teletics, a manufacturer and supplier of fully monitored, ruggedized wireless voice devices, also based in Calgary.
Valued at approximately $322,000, the transaction is expected to be completed on or about August 14 and remains subject to standard closing conditions. Upon completion of the acquisition, the business will operate as a separate product line within the telecom segment of Circa Enterprises. Business operations integration with Circa’s facilities in Calgary is expected to be completed in the third quarter of 2020.
“The acquisition of Teletics expands Circa’s telecom product offering with wireless communications systems engineered for extreme operating conditions. Teletics’ line of rugged wireless equipment complements our existing product line and expands our engineering capabilities,” said Cory Tamagi, president and CEO of Circa, in the news release.
Darren Epp, executive vice-president of Circa, added: “The Teletics cloud-based software platform is expected to be integrated with the Guardian product line to add wireless connectivity of its devices and provide remote monitoring with alarm and event notification capabilities to enable Circa to expand into the IoT space.”
Circa Enterprises designs, manufactures and supplies telecom equipment, cable and connectivity products, metal enclosures, electrical equipment and other products to customers in the telecom, electrical utility and construction industries.
Operating since 2003, Teletics manufactures and supplies fully monitored wireless analog, VoIP and Wi-Fi devices designed to withstand harsh environments and climates.
