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$6.38 billion (2017)[1]
Increase US$1.28 billion (2017)[1]
Decrease US$-155 million (2017)[1]
Total assets Decrease US$8.21 billion (2017)[1]
Total equity US$-1.74 billion (2017)[1]
Number of employees
 16,000 (2018)[2]
Subsidiaries Airwave Solutions
Avigilon
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 began trading as a separate independent company on January 4, 2011, under the NYSE symbol MSI.[4] It is the legal successor of the old Motorola, Inc.. (founded in 1928); 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 retained the old Motorola's pre-2011 stock price history, though the old Motorola's ticker symbol MOT was retired.

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.

After the split, Motorola Solutions comprised the previous Government and Public Safety division of Motorola Inc, the enterprise mobility management 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.[5] 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.[6] 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 formerly Symbol Technologies, which Motorola, Inc. acquired in 2007.

In August, 2015, the company received a $1 billion investment from the private equity firm Silver Lake Partners,[7] enabling a stock buyback and providing Silver Lake with two board seats.[8]

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.[9] The company completed the acquisition on February 19, 2016. [10]

Beginning in March 2017, Motorola Solutions filed a series of lawsuits against China-based two-way radio manufacturer Hytera in the United States, Germany and Australia, as well as with the United States International Trade Commission (“ITC”).[11][12][13][14][15] The complaints allege that Hytera is intentionally infringing on patents owned by Motorola Solutions and utilizing trade secrets stolen by three former Motorola Solutions employees who left to join Hytera.[16] Motorola Solutions is seeking to stop Hytera from selling and importing its devices in these countries. In April 2017, the ITC announced that it had decided to institute an investigation into Hytera’s trade practices.[17]

In August 2017, Motorola Solutions announced it completed the acquisition of Kodiak Networks,[18] a privately-held provider of broadband push-to-talk (PTT) for commercial customers.

In December 2017, two-way radio manufacturer Hytera filed antitrust litigation against Motorola Solutions in alleging that Motorola is engaging in anti-competitive practices that are unlawful under the Sherman Act and Clayton Act. Hytera's complaint alleges that Motorola Solutions prevents Hytera from competing in the U.S. marketplace by enforcing inflated prices and engaging in a monopolistic scheme that includes forcing LMR dealers to drop Hytera's products.[19]

In March 2018, Motorola Solutions acquired Avigilon for about $1 billion.[20]

See also

References

  1. 1 2 3 4 5 "Motorola Solutions Inc 2017 Annual Report Form (10-K)" (PDF). investors.motorolasolutions.com. Motorola Solutions, Inc. February 16, 2018. Retrieved February 16, 2018.
  2. ↑ "2018 Form 10Q, Motorola Solutions, Inc" (PDF). Motorola Solutions Inc.
  3. ↑ http://www.chicagotribune.com/business/ct-motorola-solutions-chicago-jobs-0916-biz-20150915-story.html
  4. ↑ "2017 Form 10-K, Motorola Solutions, Inc" (PDF). Motorola Solutions Inc.
  5. ↑ "Nokia Siemens Networks completes acquisition of certain wireless network infrastructure assets of Motorola Solutions". newsroom.motorolasolutions.com. Retrieved 2016-06-03.
  6. ↑ "Zebra Technologies Completes Acquisition of Motorola Solutions' Enterprise Business". MotorolaSolutions.com. Retrieved 2014-10-27.
  7. ↑ "Motorola Solutions gets $1B investment 'accelerant'".
  8. ↑ "MSI earnings conference call or presentation 4-Nov-15 1:30pm GMT".
  9. ↑ "Motorola Solutions to acquire UK-based Airwave for $1.2 billion".
  10. ↑ "Motorola Solutions Completes Acquisition of Airwave".
  11. ↑ "Motorola Solutions Files Patent Infringement and Trade Secret Misappropriation Complaints Against Hytera Communications".
  12. ↑ "Motorola Solutions Files Patent Infringement Complaint with U.S. International Trade Commission Against Hytera Communications".
  13. ↑ "Motorola Solutions Files Patent Infringement Complaints in Germany Against Hytera Communications and Hytera Mobilfunk".
  14. ↑ "Motorola Solutions Files Additional Patent Infringement Complaints in Germany Against Hytera Communications and Hytera Mobilfunk".
  15. ↑ "Motorola Solutions Files Proceedings in Australia Against Hytera Communications and Hytera Communications (Australia) Pty Limited".
  16. ↑ "Motorola Solutions sues Hytera Communications for using stolen patents, trade secrets".
  17. ↑ "U.S. ITC to Begin Investigation into Motorola's Complaint Against Hytera".
  18. ↑ "Motorola Solutions to Expand Push-to-Talk Mobile Offerings with Kodiak Networks Acquisition".
  19. ↑ "New Hytera Lawsuit Accuses Motorola of Anticompetitive Practices in U.S."
  20. ↑ "Motorola Solutions closes deal with Avigilon video-solution provider". IWCE's Urgent Communications. March 30, 2018. Retrieved June 20, 2018.
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