Motorola Solutions (NYSE: MSI) has entered into a definitive agreement to acquire Silvus Technologies, Inc. for $4.4 billion in up-front consideration. Silvus, based in Los Angeles, California, designs and develops software-defined high-speed mobile ad-hoc network (MANET) technology that enables highly secure data, video, and voice communications without the need for fixed infrastructure.
Silvus' wide range of customers spans autonomous systems manufacturers, military, law enforcement, and enterprises around the world. The technology is designed to support frontline operations in challenging and contested environments, and the devices mesh together to establish large, scalable, and self-healing networks that adapt to continuous mobility.
Motorola Solutions' Chairman and CEO, Greg Brown, emphasized the importance of technology in protecting communities, securing borders, and defending against evolving threats, and expressed the company's commitment to expanding their intelligent network footprint and powering next-generation security.
Silvus brings over 20 years of research and development in developing complementary technologies and sophisticated software algorithms for high-performance MANET networks. The acquisition is expected to combine the exceptional engineering teams of both companies and leverage Motorola Solutions' go-to-market footprint to reach customers globally.
Babak Daneshrad, Ph.D., CEO of Silvus Technologies, expressed enthusiasm for the partnership with Motorola Solutions, highlighting the shared belief that safety is the foundation for better lives and the motivating force behind their research and development efforts.
The press release also included a statement from Erik Fagan, Partner and Head of Industrial Technology at TJC, expressing privilege in partnering with Silvus and acknowledging their relentless dedication resulting in disruptive technological advances and safer, more resilient communications for their critical customer base.
The acquisition of Silvus Technologies by Motorola Solutions is set to bring together advanced engineering teams in pursuit of serving those who protect communities globally. Following these announcements, the company's shares moved 0.32%, and are now trading at a price of $420.275. For more information, read the company's full 8-K submission here.
