Motorola Solutions has completed its acquisition of Silvus Technologies, a Los Angeles-based company known for its mobile ad-hoc network technology.
In a press release published Wednesday, Motorola said the deal will enable it to expand into a multibillion-dollar and rapidly growing market focused on drones and other unmanned systems.
Silvus’ MANET technology works to enable communications in contested environments without reliance on fixed infrastructure. The technology works to support applications that are bandwidth-intensive, including video, sensors and drones.
Autonomous Capabilities for Defense and Public Safety
According to Greg Brown, chairman and CEO of Motorola Solutions, Silvus’ technology enhances his company’s existing portfolio of land mobile radio and video technologies. “Silvus’ advanced solutions for drone and unmanned systems are trusted in the world’s most demanding defense environments,” Brown said.
The acquisition is expected to enable the delivery of autonomous technologies that can be easily controlled by operators in the areas of defense, border security and public safety.
Global Customer Base
Silvus serves defense agencies, autonomous systems manufacturers, the intelligence community, law enforcement and enterprises worldwide. Motorola plans to expand the Silvus customer base through its global scale and existing relationships with government and public safety customers.
“We have always respected Motorola Solutions’ leadership,” said Babak Daneshrad, CEO of Silvus Technologies. “At our core, both our companies are driven by innovation that makes the world safer. Bringing our advanced engineering teams together amplifies our ability to build more powerful solutions to serve more customers globally.”
Transaction Terms
The transaction includes $4.4 billion in upfront consideration, comprising approximately $4.38 billion in cash and $20 million in restricted stock for certain Silvus employee equity holders.
Motorola will provide additional information about the acquisition during its quarterly conference call with financial analysts on Aug. 7. A webcast and a replay will be available at the investor relations section of the company’s website.
