The FINANCIAL — Motorola Solutions on March 28 announced it has completed the acquisition of Avigilon, a leader in advanced video surveillance and analytics.
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. Avigilon holds more than 750 U.S. and international patents and manufactures its products in the U.S. and Canada.
The acquisition brings advanced video surveillance and analytics to Motorola Solutions’ public safety, government and commercial customers, according to Motorola.
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 CAD$27.00 per share. The enterprise value of the transaction is approximately US$1.0 billion.