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BREAKING: Motorola to admission Avigilon in billion dollar deal

Motorola Solutions has appear that it has entered into a absolute acceding to admission video surveillance provider Avigilon in an all-cash transaction that will enhance Motorola Solutions’ portfolio of mission-critical communications technologies. Beneath the acceding of the agreement, Motorola Solutions will admission all of Avigilon’s outstanding shares for CAD$27.00 per share. The activity amount of the transaction is approximately US$1.0 billion including Avigilon’s net debt. Avigilon avant-garde aegis solutions Based in Vancouver, British Columbia, Avigilon designs, develops and articles avant-garde aegis surveillance solutions, including video analytics, adjustment video administration software and hardware, surveillance cameras, and admission ascendancy solutions. Avigilon products are acclimated by a ambit of bartering and government barter including analytical infrastructure, airports, government facilities, accessible venues, healthcare centres and retail. The aggregation holds added than 750 U.S. and all-embracing patents. “This accretion will accompany Avigilon’s avant-garde video surveillance and analytics belvedere to the rapidly evolving accessible assurance workflow, while additionally accretion our portfolio with new articles and technologies for bartering customers,” said Greg Brown, administrator and CEO, Motorola Solutions. “Video can comedy a able role in creating safer cities and advancing businesses. It can serve as awful able ‘eyes and ears’ for ecology a accustomed location, and avant-garde video analytics can proactively active admiral to a ambit aperture or bound accretion a being who larboard abaft an article of interest.”This accretion will accompany Avigilon’s avant-garde video surveillance and analytics belvedere to the rapidly evolving accessible assurance workflow, while additionally accretion our portfolio” Accretion Motorola Solutions’ portfolio As added cameras augment into accessible assurance workflows, video surveillance and analytics will accredit added public-private partnerships amid bounded communities and law enforcement. The accretion will additionally enable Motorola Solutions to extend into new segments of its bartering markets business, which provides secure, reliable communications technology to industries such as oil and gas, transportation, utilities, accomplishment and college education. Barter will now be able to acquirement avant-garde aegis and surveillance solutions as allotment of Motorola Solutions’ portfolio of analytical communications technology for bartering markets. Avigilon’s video surveillance belvedere helps transform video from acknowledging – attractive aback at what has taken abode – to proactive, arising alerts in absolute time back a person, article or agent of absorption is detected. This analytical intelligence enables users to booty the appropriate activity added quickly. New opportunities for Avigilon “We’re actual admiring to be joining Motorola Solutions, as their eyes and action aligns absolutely with our own,” said Alexander Fernandes, Avigilon’s founder, arch controlling administrator and administrator of the board. “This aggregate will accompany new opportunities to Avigilon, acceptance us to advance our addition and accommodate alike added amount to our customers.”This aggregate will accompany new opportunities to Avigilon, acceptance us to advance our addition and accommodate alike added amount to our customers” Motorola Solutions has acceptable basic resources, including banknote on duke and accessible bartering acclaim facilities, to complete the transaction. The transaction is accepted to be completed by the end of the additional division of 2018, accountable to accepted closing conditions, including regulatory, actor and cloister approvals. For added advice on the accretion account and bazaar opportunity, appearance the broker presentation on the Motorola Solutions Investor Relations website. Avigilon actor acceding The transaction is structured as a approved plan of adjustment beneath the Canada Business Corporations Act. The transaction has the accepted abutment of the Special Committee of the Avigilon Board, as able-bodied as Avigilon’s abounding Board. Shareholders apery about 12 percent of the issued and outstanding accepted shares of Avigilon have already agreed to abutment the transaction. Abounding capacity of the transaction will be included in an advice annular to be mailed to Avigilon shareholders in account of an Avigilon shareholders affair to accept the transaction.

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