Motorola Solutions Acquires Ruggedized Video Security Solutions Provider, Videotec
May 12 2022 - 09:00AM
Business Wire
Motorola Solutions (NYSE: MSI) today announced it has acquired
Videotec S.p.A., a global provider of ruggedized video security
solutions based in Italy.
Videotec’s fixed and Pan, Tilt and Zoom (PTZ) cameras are
designed to withstand the extreme conditions and hazardous
environments of critical infrastructure, specifically ports, energy
and transportation, where video security is imperative. Videotec’s
portfolio enables security operators to have clear visibility
across these settings to quickly detect and respond to abnormal
events or dangerous situations, reducing safety threats and
supporting business continuity.
"Protecting the security and operational continuity of critical
infrastructure is vital to our cities and businesses,” said Greg
Brown, chairman and CEO, Motorola Solutions. “With Videotec’s
specialized suite of cameras, we’re extending the breadth of our
portfolio to help secure and support the demanding environments of
these complex, essential industries.”
The acquisition of Videotec complements Motorola Solutions’ line
of fixed video cameras, expanding its portfolio and reinforcing the
company’s position as a global leader in video security
solutions.
“We're excited to join Motorola Solutions, bringing our
technical expertise in extreme environment camera design to
continue driving their mission as a global leader in video
security,” said Alessio Grotto, CEO, Videotec. “Together we will
continue to innovate technologies that stand up to some of the most
challenging conditions - protecting people, enabling productivity
and supporting business continuity for essential industries around
the world.”
Terms of the transaction were not disclosed.
About Motorola Solutions
Motorola Solutions is a global leader in public safety and
enterprise security. Our solutions in land mobile radio
communications, video security & access control and command
center software, bolstered by managed & support services,
create an integrated technology ecosystem to help make communities
safer and businesses stay productive and secure. At Motorola
Solutions, we’re ushering in a new era in public safety and
security. Learn more at www.motorolasolutions.com.
Motorola Solutions Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of applicable federal securities law. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and generally include
words such as “believes,” “expects,” “intends,” “anticipates,”
“estimates” and similar expressions. The company can give no
assurance that any actual or future results or events discussed in
these statements will be achieved. Any forward-looking statements
represent the company’s views only as of today and should not be
relied upon as representing the company’s views as of any
subsequent date. Readers are cautioned that such forward-looking
statements are subject to a variety of risks and uncertainties that
could cause the company’s actual results or events discussed in
these statements to differ materially from the statements contained
in this release. Such forward-looking statements include, but are
not limited to, Motorola Solutions’ ability to integrate the
products and services into its portfolio and offerings to
customers. Motorola Solutions cautions the reader that the risks
and uncertainties below, as well as those in Part I Item 1A of
Motorola Solutions’ 2021 Annual Report on Form 10-K and in its
other SEC filings available for free on the SEC’s website at
www.sec.gov and on Motorola Solutions’ website at
www.motorolasolutions.com, could cause Motorola Solutions’ actual
results or events discussed in these statements to differ
materially from those estimated or predicted in the forward-looking
statements. Many of these risks and uncertainties cannot be
controlled by Motorola Solutions and factors that may impact
forward-looking statements include, but are not limited to,
Motorola Solutions’ ability to successfully integrate and operate
Videotec. Motorola Solutions undertakes no obligation to publicly
update any forward-looking statement or risk factor, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220512005714/en/
Media Contact Elizabeth Skube Motorola Solutions
elizabeth.skube@motorolasolutions.com +1 310-429-0388
Investor Contact Tim Yocum Motorola Solutions
tim.yocum@motorolasolutions.com +1 847-576-6899
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