The leading telecommunications equipment provider Motorola Solutions, Inc. announced that it has completed the acquisition of California based Pelco, Inc., for $110 million. Pelco is a global provider of video security solutions.
- Pelco designs, develops and distributes end-to-end video technology, including video security cameras and video management system software.
- The deal strengthens the Motorolas commitment to service delivery and enables customers of all sizes to mitigate risk, increase operational efficiencies and enhance safetyIn March 2020, Motorola Solutions announced to open a state-of-the-art Experience Center in its new Fort Lauderdale office to showcase its mission-critical communications, video security and analytics solutions, as well as its end-to-end command center software portfolio, in a hands-on setting.
In January 2020, Motorola Solutions had signed up to the Buy Social Corporate Challenge, run by Social Enterprise UK (SEUK) a ground-breaking initiative which sees leading companies open up their supply chains to more social enterprises. This new partnership aligns with the companys three guiding principles: to operate ethically, to protect the environment, and to support the communities in which it operates.
in September 2019, Motorola Solutions and Silver Lake, a global leader in technology investing, announced their strategic partnership. In connection with the continuation of this partnership, Silver Lake will make a new $1 billion investment in Motorola Solutions, and settle its outstanding $800 million aggregate principal investment one year ahead of its maturity.
About Motorola Solutions
Motorola Solutions, headquartered in Chicago, Illinois, United States, is a leading telecommunications equipment provider. It is a global leader in mission-critical communications, command center software and video security and analytics. The company has installed approximately 13,000 networks and having customers in more than 100 countries.