RSSMotorola Solutions completed the $1 billion acquisition of Avigilon, first announced in February. Motorola acquired all of Avigilon’s issued and outstanding shares for C$27 (US$22) per share.
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Avigilon designs, develops and manufactures security surveillance solutions, including video analytics, network video management software and hardware, surveillance cameras and access control solutions used by commercial and government customers. Avigilon holds more than 750 U.S. and international patents and manufactures its products in the U.S. and Canada.
Motorola CEO Greg Brown earlier this year said that Avigilon’s end-to-end platform was attractive to Motorola. “The thing that’s especially attractive is this is not a commodity business,” he said. “It’s an end-to-end platform orientation. ... Much like mission-critical communications, there is a growing aversion to having a Chinese provider doing critical video surveillance and security.”
Headquartered in Vancouver, Avigilon will operate as a separate unit of Motorola Solutions. James Henderson, president and chief operating officer for Avigilon, will report to Jack Molloy, executive vice president, worldwide sales and services for Motorola Solutions.
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