Motorola Solutions has snapped up US-based Pelco, a provider of video security services, for USD 110.00 million in cash.
Headquartered in California, the target designs, develops and distributes end-to-end video technology for customers across the education, government, commercial and healthcare industries, among others.
Its VideoExpert technology allows users to display, record and manage their video resources and is designed to fit surveillance operations of any size.
Pelco’s offerings include thermal and fixed internet protocol cameras, controllers and keyboards, lenses and encoders.
The group’s smart compression technology helps reduce bandwidth and storage requirements by up to 70.0 per cent, while retaining the quality and critical information of products for forensic purposes.
Pelco also carries out remote, field and training services and advanced phone support programmes for customers.
The target’s offerings are used by casinos, airports, shopping centres and hotels, among other clients worldwide, and help companies to mitigate risks and increase their operational efficiency and safety.
Greg Brown, chief executive of Motorola Solutions, said: “Pelco’s track record of innovation, internationally recognised brand, global channel and customer installed base enable us to further expand our global footprint with enterprise and public safety customers.”
The buyer is no stranger to the acquisition trail; in June this year, it purchased UK-based security management software developer IndigoVision Group for GBP 30.40 million.
Illinois-headquartered Motorola Solutions provides software, video and analytics and mission-critical services for customers throughout the hospitality, education and public safety segments, among others.
During the quarter ended 31st March 2020, the company posted sales of USD 1.66 billion, unchanged from the corresponding period in 2019.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 101 deals targeting audio and video equipment manufacturers announced globally so far in 2020.
The largest of these took the form of an acquisition and involved TCL Industries Holdings (HK) agreeing to buy British Virgin Islands-based Moka International for CNY 2.50 billion (USD 358.11 million).
© Zephus Ltd