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Motorola Completes Purchase of Plant Holdings From Airbus
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Motorola Solutions, Inc. (MSI - Free Report) has completed the acquisition of Plant Holdings, Inc. from Airbus Defense and Space, Inc., a division of Airbus. Earlier, Plant Holdings used to oversee the Airbus DS Communications business.
Regarding the buyout, both companies had initially entered into an agreement in July 2017.
Airbus DS Communications is one of the leading providers of mission critical communications for public safety business continuity.
The divestment is a move toward reshaping portfolio within the Airbus Defense and Space Division, announced in September 2014.
The transaction boosts Motorola’s command center software portfolio and its software enterprise. Terms of the agreement were not disclosed.
Of late, the company has been carrying out a series of acquisitions to broaden its software product portfolio.
Last month, the company inked a deal with Avigilon to purchase it in an all-cash transaction, valued at approximately $1 billion and inclusive of the latter’s net debt. The deal on completion will widen Motorola’s mission-critical communications technologies portfolio.
Last year, Motorola completed the acquisition of Kodiak Networks, which being a provider of broadband push-to-talk for commercial customers, the buyout has extended Motorola’s offerings for mobile network operators, particularly in the commercial markets.
Shares of Adobe Systems, Harris and AMETEK have rallied more than 39%, 27% and 19%, respectively, in the last six months.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Motorola Completes Purchase of Plant Holdings From Airbus
Motorola Solutions, Inc. (MSI - Free Report) has completed the acquisition of Plant Holdings, Inc. from Airbus Defense and Space, Inc., a division of Airbus. Earlier, Plant Holdings used to oversee the Airbus DS Communications business.
Regarding the buyout, both companies had initially entered into an agreement in July 2017.
Airbus DS Communications is one of the leading providers of mission critical communications for public safety business continuity.
The divestment is a move toward reshaping portfolio within the Airbus Defense and Space Division, announced in September 2014.
The transaction boosts Motorola’s command center software portfolio and its software enterprise. Terms of the agreement were not disclosed.
Motorola Solutions, Inc. Price
Motorola Solutions, Inc. Price | Motorola Solutions, Inc. Quote
Of late, the company has been carrying out a series of acquisitions to broaden its software product portfolio.
Last month, the company inked a deal with Avigilon to purchase it in an all-cash transaction, valued at approximately $1 billion and inclusive of the latter’s net debt. The deal on completion will widen Motorola’s mission-critical communications technologies portfolio.
Last year, Motorola completed the acquisition of Kodiak Networks, which being a provider of broadband push-to-talk for commercial customers, the buyout has extended Motorola’s offerings for mobile network operators, particularly in the commercial markets.
Zacks Rank & Other Key Picks
Motorola carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader Computer and Technology sector include Adobe Systems Incorporated (ADBE - Free Report) , Harris Corporation and AMETEK, Inc. (AME - Free Report) , each carrying a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Adobe Systems, Harris and AMETEK have rallied more than 39%, 27% and 19%, respectively, in the last six months.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>