Motorola Solutions finalises Avigilon acquisition
The acquisition of Avigilon by Motorola Solutions has now been completed.
The acquisition brings advanced video surveillance and analytics to Motorola Solutions’ public safety, government and commercial customers.
Avigilon designs, develops and manufactures advanced security surveillance solutions, including video analytics, network video management software and hardware, surveillance cameras and access control solutions used by commercial and government customers. It holds more than 750 US and international patents and manufactures its products in the US and Canada.
Headquartered in Vancouver, British Columbia, Avigilon will operate as a separate unit of Motorola Solutions, with James Henderson, president and chief operating officer for Avigilon, reporting to Jack Molloy, executive vice president, worldwide sales and services for Motorola Solutions.
Motorola Solutions has acquired all of Avigilon’s issued and outstanding shares for C$27 per share. The enterprise value of the transaction is approximately US$1 billion.
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