Motorola Solutions Acquires Global Video Security Solutions Provider Pelco for $110M in Cash, Continuing Investment in Video Security & Analytics

CHICAGO--(BUSINESS WIRE)--Motorola Solutions, Inc. (NYSE: MSI) today announced it has completed the acquisition of Pelco, Inc., a global provider of video security solutions based in Fresno, California.

Pelco designs, develops and distributes end-to-end video technology, including video security cameras and video management system software. The company’s scalable solutions and commitment to service delivery enables customers of all sizes to mitigate risk, increase operational efficiencies and enhance safety.

“Video continues to play a more powerful role in enabling safer cities and securing businesses around the world,” said Greg Brown, chairman and CEO, Motorola Solutions. “Pelco’s track record of innovation, internationally recognized brand, global channel and customer installed base enable us to further expand our global footprint with enterprise and public safety customers.”

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical communications and analytics. Our technology platforms in mission-critical communications, command center software, video security & analytics, bolstered by managed & support services, make communities safer and help businesses stay productive and secure. At Motorola Solutions, we are ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.

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,” “can be” and similar expressions. Motorola Solutions can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent Motorola Solutions’ views only as of today and should not be relied upon as representing Motorola Solutions’ 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, (1) Motorola Solutions’ ability to integrate the products and services into its portfolio; and (2) the growth of the video security and analytics business. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 10 through 22 in Item 1A of Motorola Solutions 2019 Annual Report on Form 10-K, on page 34 in Item 1A of Motorola Solutions Quarterly Report on Form 10-Q for the quarter ended March 28, 2020, 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/investor, 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: (1) the future results of operations of Pelco, and (2) Motorola Solutions’ ability to successfully integrate and operate Pelco. 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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