Motorola buys 20% of Silver Lake's investment
Motorola Solutions has announced it will purchase 20% of Silver Lake’s convertible notes.
Silver Lake will retain a significant position in Motorola Solutions valued at approximately $1.5 billion.
Egon Durban and Greg Mondre, Silver Lake managing partners and managing directors, will remain on the Motorola Solutions board of directors.
“We are excited to continue our partnership and remain enthusiastic long-term shareholders with Motorola Solutions and its leader Greg Brown,” said Durban and Mondre.
“The management team has delivered extraordinary shareholder value driven by a relentless focus on customers, product innovation and operational excellence. We are strong believers in the company’s expansion growth strategy focused on managed services, software and video analytics.”
“Since making its $1 billion investment in 2015, Silver Lake has been an outstanding partner,” said Greg Brown, Chairman and CEO of Motorola Solutions.
“I look forward to continuing the relationship with Egon and Greg as we continue to grow the company and drive shareholder returns.”
Additional information may be found in the Form 8-K that Motorola Solutions will file with the US Securities and Exchange Commission.
oneM2M has been announced as the Top IoT Standards Body of the Year at the 7th Annual Compass...
A $14.8 million contract has been signed for construction works under the Defence Force School of...
A New Zealand man has been fined $2250 for using an illegal radio transmitter on police channels.