Telus Expands Retail Outlets Through Aquisition

­Canadian telco, Telus has acquired Black's Photo Corp., Canada's premier national imaging and digital retailer, from privately owned ReichmannHauer Capital Partners. The value of the transaction is approximately CA$28 million.

Following the acquisition, Black's stores will add Telus wireless products and services in 113 premium locations nationally with a particular strength in the Ontario marketplace.

"Black's is an impressive Canadian retailer with a great brand, reputation and management team," said Joe Natale, executive-vice president and president, Telus Consumer Solutions. "Black's premium locations provide an established network across Canada for the distribution of Telus' wireless products, which nicely complements our extensive network of dealers and stores. In anticipation of our clients' evolving needs and as more wireless devices have imbedded high quality photo and video capability, there is a natural link between Telus and Black's."

"Black's looks forward to working with the Telus team to expand our products and expertise to include Telus' wireless devices across Canada. Black's and Telus share a customer-focused culture and this relationship will further expand our ability to meet clients' needs for wireless devices with digital imaging capabilities," said Ethel Taylor, who will continue to lead Black's in her capacity as President and General Manager.

Posted to the site on 8th September 2009