Telus expands security business with $700 million ADT Canada purchase

VANCOUVER – Telus announced today it will purchase ADT Security Services Canada for approximately $700 million.ADT Canada is a leading provider of security and automation solutions, serving residential and business customers. It has approximately 500,000 customers and 1,000 employees across the country, according to the Telus press release. Last fiscal year, ended December 31st, ADT’s Canadian operations generated US$229 million in revenue, said the release from the Boca Raton, Fla.-based company.While the company had already launched a security solution via its SmartHome Security app, this acquisition brings Telus more in line with other Canadian network operators such as Rogers (which...