Motorola Solutions ‘Seeks’ Buyer Amid Slowing Revenues
Is the last part of Motorola about to be sold off?
Motorola Solutions is reportedly looking for a buyer in a transaction that would mark the final breakup of the famous American firm, which began dismantling in 2011.
According to Bloomberg, the company is working with financial advisers and has been investigating the possibility of sale for a number of months amid slowing revenues.
A transaction is not believed to be imminent, but the report mentions Raytheon, Honeywell International and General Dynamics as potential buyers.
Motorola Solutions sale
Motorola Solutions was formed four years ago following the split from the company’s handset business, which became Motorola Mobility. The latter was sold for £8.2 billion to Google, which coveted Motorola’s mobility patents, in 2012, before being sold again, minus patents and Project Ara, to Lenovo in January 2014 for £1.75 billion.
After the separation, Motorola Solutions focused on its public safety and commercial operations as well as its enterprise unit, which manufactured ruggedised mobile computers and tablets for use in industry. However the enterprise unit was sold to Zebra Technologies in October for $3.45 billion (£2.3bn).
The public safety division has 50,000 customers and provides the bulk of Motorola’s revenue. This division has traditionally focused around radio equipment, but the company says wearables, the Internet of Things (IoT), LTE and data analytics have the potential to transform the field.
Motorola Solutions told TechWeekEurope that it does not comment on rumour or speculation.
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