Source: Yahoo Finance
Markham-based OCR Canada Ltd. announced today that it has completed the acquisition of Aurora Bar Code Technologies Ltd. in order to increase the OCR presence in Western Canada and expand its enterprise mobile computer, barcode scanner, RFID, and wireless network capabilities. With this acquisition, OCR will gain a strong presence in both Edmonton and Calgary, Alberta, building on OCR’s current locations in Vancouver, British Colombia; Toronto, Ontario; and Montreal, Quebec.
OCR’s CFO and Vice President of Operations Lesley English stated, “Proudly, Aurora Barcode and OCR Canada have a combined 62 years of experience serving over 10,000 Canadian corporations. We anticipate that large operational synergies will be achieved within the OCR headquarters in Markham, Ontario by blending the best-of-class internal processes and suppliers from each company. These efficiencies and buying power will translate to lower product costs for our customers, thereby ensuring that they are more competitive and profitable.”
Together the two companies will constitute Canada’s largest and most comprehensive provider of enterprise mobility solutions. OCR Canada’s combined expertise in wireless networks and mobile computers is capable of delivering systems for warehouse and logistics management, retail operations, and service industries.
Current clients of Aurora Barcode will now enjoy full access to such services as an online customer-support portal, repair facility, managed mobile device services, True Support Technical Help Desk and enhanced software services, including such professional services as onsite installation, onsite service and deployment assistance.
With its increased presence in Western Canada, OCR can better serve and support enterprise customers in the West and explore exciting new business opportunities. New software resources gained in the acquisition will strengthen OCR’s impressive software development capabilities. The acquisition also greatly enhances OCR’s ability to deliver Wi-Fi network and barcode products to the Canadian marketplace.
Successful integration of Aurora Bar Code’s services and products will enhance services for all clients across Canada. OCR Canada will maintain its headquarters in Markham, Ontario; assets of Aurora Bar Code will be transitioned to this location. Aurora staff will report to the Markham headquarters from their Calgary and Edmonton locations. Some components of the business, such as web presence, will continue to be known as Aurora Bar Code, a name now owned by OCR.
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The Regional Municipality of York is located in the heart of the Greater Toronto Area and is home to 1.1 million residents and 42,000 business establishments, making it one of Canada’s largest municipalities and the second largest business centre in the Province of Ontario.
Comprised of nine local municipalities, York Region is a premier business location in Canada. The Region is home to operations of 14 Fortune 100 companies, four of Canada’s top 10 corporate R&D investors, Canada’s second largest Information & Communications Technology (ICT) cluster and global industry leaders in Life Sciences, CleanTech, Financial Services and Advanced Manufacturing.
As Canada’s fastest growing large municipality, York Region has one of the most educated and diverse workforces in North America, the lowest commercial property taxes in greater Toronto and an exceptional quality of life attracting top global talent.
York Region’s local municipalities include the City of Markham, the City of Vaughan, the Town of Richmond Hill, the Town of Newmarket, the Town of Aurora, the Town of Whitchurch-Stouffville, the Town of East Gwillimbury, the Town of Georgina and the Township of King.