(Reuters) -Motorola Solutions said on Tuesday it would acquire wireless-radio maker Silvus Technologies for $4.4 billion.
Under the terms of the deal, Silvus has the potential to receive an earn-out of up to $600 million based on its business performance over twelve-month periods ending in 2027 and 2028.
The buyout is expected to close in the third or fourth quarter of this year.
Founded in 2004 and headquartered in Los Angeles, Silvus Technologies makes advanced wireless communication systems for mission-critical applications such as military and maritime operations.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Alan Barona)
Comments