Motorola Solutions to acquire Avigilon

Friday 2 February 2018 | 06:52 CET | News

Motorola Solutions entered into a definitive agreement to acquire Avigilon, a Canada-based specialist in video surveillance and analytics, in an all-cash transaction that will enhance Motorola Solutions’ portfolio of mission-critical communications technologies. The transaction is expected to be completed by the end of the second quarter, subject to customary closing conditions, including regulatory, shareholder and court approvals.

Under the terms of the agreement, Motorola Solutions will acquire all of Avigilon’s outstanding shares for CAD 27.00 per share. The enterprise value of the transaction is approximately USD 1.0 billion including Avigilon’s net debt.

Based in Vancouver, British Columbia, Avigilon designs, develops and manufactures advanced security surveillance products, including video analytics, network video management software and hardware, surveillance cameras, and access control products. Avigilon products are used by a range of commercial and government customers including critical infrastructure, airports, government facilities, public venues, healthcare centres and retail. The company holds more than 750 U.S. and international patents.

Avigilon’s video surveillance platform helps transform video from reactive – looking back at what has taken place – to proactive, issuing alerts in real time when a person, object or vehicle of interest is detected.

The acquisition will enable Motorola Solutions to extend into new segments of its commercial markets business. Customers will now be able to purchase security and surveillance products as part of Motorola Solutions’ portfolio of critical communications technology for commercial markets.

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