Motorola buys 20% of Silver Lake's investment

Motorola Solutions

Friday, 07 September, 2018

Motorola buys 20% of Silver Lake's investment

Motorola Solutions has announced it will purchase 20% of Silver Lake’s convertible notes.

Silver Lake will retain a significant position in Motorola Solutions valued at approximately $1.5 billion.

Egon Durban and Greg Mondre, Silver Lake managing partners and managing directors, will remain on the Motorola Solutions board of directors.

“We are excited to continue our partnership and remain enthusiastic long-term shareholders with Motorola Solutions and its leader Greg Brown,” said Durban and Mondre.

“The management team has delivered extraordinary shareholder value driven by a relentless focus on customers, product innovation and operational excellence. We are strong believers in the company’s expansion growth strategy focused on managed services, software and video analytics.”

“Since making its $1 billion investment in 2015, Silver Lake has been an outstanding partner,” said Greg Brown, Chairman and CEO of Motorola Solutions.

“I look forward to continuing the relationship with Egon and Greg as we continue to grow the company and drive shareholder returns.”

Additional information may be found in the Form 8-K that Motorola Solutions will file with the US Securities and Exchange Commission.

Image credit: ©stock.adobe.com/au/rcfotostock

Please follow us and share on Twitter and Facebook. You can also subscribe for FREE to our weekly newsletter and bimonthly magazine.

Related News

Govt funding resilient comms for disaster-prone communities

Round 3 of the Mobile Network Hardening Program is open now, while local communities are being...

Govt begins voice trials, seeks and releases public feedback

Scyne Advisory will conduct a trial of fixed voice services and consider the performance of...

High energy and activity at largest ever Comms Connect

Comms Connect returned to Melbourne with a two-day conference and exhibition on 16–17...


  • All content Copyright © 2024 Westwick-Farrow Pty Ltd