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Motorola Solutions to sell wireless broadband units to Vector Capital

24 августа 2011

Motorola Solutions Inc. agreed to sell two of its wireless broadband businesses to private-equity firm Vector Capital for an undisclosed sum, the latest part of the venerable American electronics brand to come under new ownership.

Motorola Solutions' Orthogon point-to-point and Canopy point-to-multipoint broadband products will benefit from a more-tailored focus and agile organizational structure under Vector, the private-equity firm said. Vector has acquired a number of electronics companies, including gas-meter maker RAE Systems.

The deal is expected to close as early as the end of September.

The move follows the split of Motorola Inc., which spun off the maker of public-safety radios, handheld scanners and telecommunications equipment into Motorola Solutions earlier this year. The higher-profile mobile-devices business became Motorola Mobility Inc., which Google Inc. last week agreed to acquire for about $12.5 billion.

Vector said it will operate the broadband businesses as a stand-alone company called Cambium Networks. Motorola Solutions would continue to buy products from Cambium to meet the needs of its public-safety and federal customers.

A Motorola Solutions spokeswoman said the businesses employ about 220 people but declined to disclose their revenue last year.

Vector said the wireless businesses' portfolios include unlicensed and licensed products that support the broadest range of applications of any business in their market segments.

Shares were recently up 1.2% at $39.36 Tuesday. The stock has gained 5.9% this year.

Источник: Total Telecom

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