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Motorola Solutions buys Pelco for $110m in cash

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Motorola icon (image)Motorola Solutions buys Pelco for $110m in cash | #Verdafero #Motorola #Pelco #Acquisition | Motorola Solutions announced it has completed the acquisition of video security solutions provider Pelco Inc. based in Fresno, Calif. for $110 million in cash. 

Alex Asnovich, head of global marketing, Video Security and Analytics for Motorola, told Security Systems News there are no plans to change the Pelco brand, noting, “Motorola Solutions recognizes the value of the Pelco brand.”

He added that the Pelco team “brings significant knowledge and experience, and we expect to rely on their expertise as Pelco becomes part of Motorola Solutions.”

Pelco designs, develops and distributes end-to-end video technology, including video security cameras and video management system software to meet the needs of small to large commercial projects.

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