Motorola Solutions Agrees to Snap Up IndigoVision for $37M
IndigoVision’s portfolio includes video security solutions from cameras to video recorders to body worn cameras to security management software.
Motorola Solutions says the IndigoVision range of products, global presence and customer base are "highly complementary" to Motorola Solutions' existing presence in video security. (Twitter)
CHICAGO — Motorola Solutions (NYSE: MSI) has agreed to acquire IndigoVision, the Edinburgh, Scotland-based manufacturer of end-to-end video security solutions, for approximately $37.2 million.
The purchase price represents a premium of approximately 116%, based on the average share price over the most recent 12-month period. The acquisition will be funded by existing cash resources of Motorola Solutions and become final in May.
Motorola Solutions has a strong presence in the large and expanding area of video security since acquiring Avigilon in 2018. Their product offerings include high-definition cameras, advanced video analytics, network video management hardware and software and access control solutions.
“We share IndigoVision’s commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency. IndigoVision’s end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics,” states John Kedzierski, senior vice president of video security solutions at Motorola Solutions.
IndigoVision’s portfolio includes video security solutions from cameras to video recorders to body worn cameras to security management software.
Motorola Solutions says the IndigoVision range of products, global presence and customer base are “highly complementary” to Motorola Solutions’ existing presence in video security. Among the benefits is enhanced geographical reach across a wider customer base.
“The access we will now have to Motorola Solutions’ range of innovative technologies will create new opportunities for IndigoVision and enable us to bring an exciting proposition to the market that allows us to further deliver on our goal of delivering safety, security and business intelligence,” states IndigoVision CEO Pedro Vasco Simoes.
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