Motorola Solutions to acquire IndigoVision

Source: www.hstoday.us

The security manufacturer IndigoVision has agreed to an acquisition by Motorola Solutions. The electronics firm is paying £4.05 for each IndigoVision shard, valuing the Edinburgh-based company at £30.4m. That compares with IndigoVision’s share price before the announcement of under £2.

John Kedzierski, senior vice president, video security solutions at Motorola Solutions, added: “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.”