Motorola Solutions nears $4.5 billion deal to buy Silvus

Motorola Solutions, opens new tab is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, Bloomberg News reported last week Wednesday, citing people familiar with the matter.

The companies could announce a deal within weeks, the report said, adding that the final agreement had not been reached.

Silvus, which is owned by private equity firm TJC, has been exploring options including a potential sale or initial public offering, according to the report.

Motorola Solutions declined to comment when contacted by Reuters, while TJC and Silvus did not immediately respond.

Founded in 2004 and headquartered in Los Angeles, Silvus Technologies makes advanced wireless communication systems for mission-critical applications such as for military and maritime operations.
Growing geopolitical tensions and conflicts have triggered demand for products from companies such as Silvus, prompting investments in modernizing military capabilities.