Motorola Completes Purchase Of Plant Holdings From Airbus

By Zacks Investment ResearchStock MarketsMar 07, 2018 10:25PM ET

www.investing.com/analysis/motorola-completes-purchase-of-plant-holdings-from-airbus-200296668

Motorola Completes Purchase Of Plant Holdings From Airbus

By Zacks Investment Research | Mar 07, 2018 10:25PM ET

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Motorola Solutions, Inc. (NYSE:MSI) has completed the acquisition of Plant Holdings, Inc. from Airbus Defense and Space, Inc., a division of Airbus. Earlier, Plant Holdings used to oversee the Airbus DS Communications business.

Regarding the buyout, both companies had initially entered into an agreement in July 2017.

Airbus DS Communications is one of the leading providers of mission critical communications for public safety business continuity.

The divestment is a move toward reshaping portfolio within the Airbus Defense and Space Division, announced in September 2014.

The transaction boosts Motorola’s command center software portfolio and its software enterprise. Terms of the agreement were not disclosed.

Motorola Solutions, Inc. Price

Motorola Solutions, Inc. Price | Motorola Solutions, Inc. Quote

Of late, the company has been carrying out a series of acquisitions to broaden its software product portfolio.

Last month, the company inked a deal with Avigilon to purchase it in an all-cash transaction, valued at approximately $1 billion and inclusive of the latter’s net debt. The deal on completion will widen Motorola’s mission-critical communications technologies portfolio.

Last year, Motorola completed the acquisition of Kodiak Networks, which being a provider of broadband push-to-talk for commercial customers, the buyout has extended Motorola’s offerings for mobile network operators, particularly in the commercial markets.

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Motorola Completes Purchase Of Plant Holdings From Airbus

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