Motorola to buy Vancouver surveillance systems maker for $1 billion US [CBC (Canadian Broadcasting Corporation)]
Motorola Solutions, Inc. (MSI)
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Source: CBC
Motorola to buy Vancouver surveillance systems maker for $1 billion US Avigilon security cameras used in casinos, prisons, hospitals Motorola Solutions announced Friday that it has entered into a $1 billion U.S all-cash agreement to buy Vancouver based Avigilon, a maker of video surveillance systems. Avigilon high definition video products are used for surveillance in prisons, airports, government facilities, health-care centres, schools and casinos. The company holds more than 750 U.S. and international patents. "They [Motorola Solutions] are looking to operate as an independent business unit," said James Henderson, president and COO. "The Avigilon brand will remain,.The Avigilon organization is going to continue to run as a business unit, and we are really going to work with them to help leverage their global experience and customer base." The company has manufacturing plants in Canada and the U.S., with the Canadian operation in Richmond. Earlier this month, the company announced i
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MSI
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MSI
Sec Filings
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- 3/28/24 - Form ARS
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