Viscount picks up access control product line
April 17, 2003
BURNABY, British Columbia - Viscount Systems has agreed to buy the assets of the Enterphone product line owned by TELUS Corp., Viscount officials said Wednesday.
In a conditional purchase agreement, Viscount will purchase EnterphoneÃ¢â‚¬â„¢s monthly service contracts and inventory for no more than $450,000, the agreement said. The final price is contingent on the number of assigned contracts, according to company officials.
Stephen Pineau, ViscountÃ¢â‚¬â„¢s chief executive officer, said the purchase of the Enterphone product line is a strategic move for the company, one that will present sales opportunities for the ViscountÃ¢â‚¬â„¢s MESH product to the multi-residential and commercial buildings that hold service contracts for the Enterphone line.