According to documents obtained by SecurityInfoWatch, the board of Motorola Solutions, parent company of Avigilon, has entered into an agreement to acquire UK-based video surveillance solutions provider IndigoVision for approximately $37 million.
Motorola said it believes IndigoVision’s product range, global presence and customer base are complementary to their existing presence in the market and that the acquisition will provide them with an enhanced geographic footprint and wider customer base.
“We share IndigoVision’s commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency. IndigoVision’s end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics,” said John Kedzierski, Senior Vice President, Video Security Solutions, Motorola Solutions.
In addition, Motorola said that it has no intention of moving IndigoVision’s headquarters offices or functions out of their current location in Edinburgh, Scotland.
“The access we will now have to Motorola Solutions’ range of innovative technologies will create new opportunities for IndigoVision and enable us to bring an exciting proposition to the market that allows us to further deliver on our goal of delivering safety, security and business intelligence,” said Pedro Vasco Simoes, CEO of IndigoVision.
The acquisition is expected to close by the end of May 2020.