Motorola Solutions announced the opening of its new, Video Security & Analytics (VS&A) manufacturing facility in Richardson, Texas. The 136,000 square foot building represents the company’s continued investment in North American manufacturing and the expansion of its production and shipping capabilities to further the growth of its video security portfolio which serves customers around the world.
Avigilon Corporation announced that Motorola Solutions has completed the previously announced acquisition of all issued and outstanding common shares of Avigilon. Motorola Solutions through its wholly owned subsidiary, Motorola Solutions Canada Holdings Inc., acquired 44,617,813 Avigilon shares for cash consideration of CAD$27.00 per share. This, together with net debt, represents a total enterprise value of approximately USD$1.0 billion.
Motorola Solutions (NYSE: MSI) announced that it has entered into a definitive agreement to acquire Avigilon (TSX: AVO) in an all-cash transaction that will enhance Motorola Solutions’ portfolio of mission-critical communications technologies. 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 US$1.0 billion including Avigilon’s net debt.