Motorola Solutions

Motorola Solutions, Inc.
Public
Traded as NYSE: MSI
S&P 500 Component
Industry Telecommunications equipment
Predecessor Motorola, Inc.
Founded January 4, 2011 (January 4, 2011)
Headquarters Chicago, Illinois, U.S.
Key people
 Greg Brown (Chairman and CEO)
Products Two-way radios, radio systems, managed services and smart public safety applications
Revenue Increase US$6.04 billion (2016)[1]
Increase US$1.06 billion (2016)[1]
Decrease US$560 million (2016)[1]
Total assets Increase US$8.46 billion (2016)[1]
Total equity Increase US$-964 million (2016)[1]
Number of employees
 14,000 (2016)[2]
Website www.motorolasolutions.com

Motorola Solutions, Inc. is an American data communications and telecommunications equipment provider that succeeded Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011. The company is headquartered in Chicago, Illinois.[3]

History

Motorola Solutions acquired British public safety radio network, Airwave Solutions, in December 2015

Motorola Solutions began trading as a separate independent company on January 4, 2011, under the NYSE symbol "MSI".[2] It is the legal successor of the old Motorola, Inc.; the transaction was structured so the old Motorola changed its name to Motorola Solutions and spun off Motorola Mobility as a separate company. Motorola Solutions retains the old Motorola's pre-2011 stock price history, though the old Motorola's ticker symbol of "MOT" was retired.

After the split, Motorola Solutions comprised the previous Government and Public Safety division of Motorola Inc. (founded in 1928), the enterprise mobility division, and the cellular infrastructure group.

Motorola Solutions sold the cellular infrastructure business to Nokia Siemens Networks. The acquisition, which was originally announced in July 2010, was completed on April 29, 2011 for $975 million in cash.[4] As part of the transaction approximately 6,900 employees transferred to Nokia Siemens Networks. In the former Motorola parent company, it was the second largest division based on revenue.

On October 27, 2014, Motorola Solutions sold its Enterprise business to Zebra Technologies for $3.45 billion in cash.[5] As part of the sale, approximately 4,500 Motorola Solutions employees from locations throughout the world were transferred to Zebra. A large majority of this business was what was formerly Symbol Technologies, which Motorola, Inc. acquired in 2007.

In August, 2015, the company received a $1bn investment from Silver Lake Partners the technology specialized Private Equity firm[6] enabling a stock buyback and providing Silver Lake with two board seats. In the Q3 earnings call, Greg Brown described the private equity firms as "operationally connected into the business in a pretty seamless way", "partnering around managed and support services, as well as public, smart public safety and specifically some of the software areas. There is also an initiative we are launching with them around cost of goods, or what I would call above gross margin, both product and services".[7]

In December, 2015, the company announced that it would acquire Airwave Solutions, the UK based operator of the British public safety radio network servicing the police, fire and ambulance services across England, Scotland and Wales.[8] The company completed the acquisition on February 19, 2016. [9]

Summary

The company produces and sells communications products and services to public safety and government agencies (law enforcement, fire, emergency medical services, and national government security) as well as private entities including utilities, mining, energy, manufacturing, hospitality, retail, transportation and logistics.

See also

References

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