Motorola Solutions (NYSE: MSI) has sought assistance from financial advisers as it considers a sale of the company, Bloomberg reported Saturday.
Alex Sherman and Brian Womack write potential buyers for the communications equipment developer could include private equity groups or other technology firms such as General Dynamics (NYSE: GD), Honeywell (NYSE: HON) and Raytheon (NYSE: RTN).
Schaumburg, Illinois-based Motorola Solutions builds two-way radio systems and handheld barcode scanners and is the only remaining vestige of the dismantled telecommunications firm Motorola Inc.
The company also works with public safety agencies and repurchased approximately $1.17 billion of its stock from investor Carl Icahn in February 2012.
According to the report, Motorola Solutions posted a 33 percent decline in earnings per share for its 2014 fiscal year and forecasts that revenue will be flat in 2015 or slightly lower than last year’s figures.