Deals

Motorola Moves Into Video Surveillance With $1 Billion Avigilon Deal

The Motorola Solutions Inc. logo is displayed during a Nextel de Mexico press conference in Mexico City, Mexico, on Tuesday, March 3, 2015. In January AT&T announced the purchase of NII Holding Inc.'s Nextel Mexico business for $1.88 billion.Photographer: Susana Gonzalez

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Matthew Monks and Alex Barinka

February 2, 2018 at 2:38 AM UTC

This article is for subscribers only.

Motorola Solutions Inc. sees an opening to take advantage of a backlash against Chinese-made technology products with its latest acquisition.

The Chicago-based company agreed to pay about $1 billion including debt for Avigilon Corp., which makes security cameras and video analytics systems for airports, railroads, cities and other commercial enterprises, according to a statement Thursday. Motorola agreed to pay C$27 a share for Vancouver-based Avigilon, an 18 percent premium over its last price of C$22.85.