By Jamie Barrie V ancouver basedAvigilon, amaker of video surveillance systems and Motorola Solutions have announced they have entered into a $1 billion U.S all-cash agree- ment that has Motorola Solutions acquiring all of Avigilon’s outstanding shares for $27 Cdn per share. Avigilon holds more than 750 U.S. and international patents and its high definition video products are used for surveil- lance in prisons, airports, government facilities, health-care centres, schools and casinos Greg Brown, the chairman and
CEO of Motorola Solutions said in a statement that, “This acquisition will bring Avigilon’s advanced video surveil- lance and analytics platform to the rapidly evolving public safety workflow, while also expanding our portfolio with new products.” Motorola Solutions currently sells police body cameras and two-way radios. This is the first time the company will wade into the video surveillance and analytics market.
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SPOTLIGHT ON BUSINESS MAGAZINE • F EBRUARY 2018
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