Motorola Solutions in talks to acquire Airwave for $1.6 bn

Motorola Solutions is in talks to acquire Airwave Solutions, a U.K. communication services provider, for $1.6 billion, Bloomberg reported.

The strategy of Motorola Solutions is to build out its software and services business. Airwave, based in Slough, England, provides a communications network for the U.K.’s emergency fire, police and ambulance services.

In August, Schaumburg, Illinois-based Motorola announced a $1 billion investment from Silver Lake Management to finalize strategic partnerships and acquisitions.

The communications equipment maker failed to find a buyer earlier this year after seeking to drum up interest from private-equity funds and large industrial companies, people with knowledge of the matter said in April.

Macquarie Group acquired Airwave in 2007 for 1.9 billion pounds.

editor@infotechlead.com

Latest

More like this
Related

Is GenAI the right tool for telecom transformation?

Telecoms operators must  focus on a broad spectrum of...

Zain Group acquires full ownership of IHS Kuwait

Zain Group has announced a definitive agreement to acquire...

MTN extends CEO Ralph Mupita’s contract to 2030

MTN Group has announced the extension of President and...

Telefonica and AWS to test quantum technologies in mobile network

Amazon Web Services (AWS) has partnered with Telefonica Germany...