Motorola Solutions announced Friday that it has entered into a $1 billion U.S all-cash agreement to buy Vancouver based Avigilon, a maker of video surveillance systems. Avigilon high definition video products are used for surveillance in prisons, airports, government facilities, health-care centres, schools and casinos. "They [Motorola Solutions] are looking to operate as an independent business unit," said James Henderson, president and COO. (Avigilon)Under the terms of the agreement, Motorola Solutions will acquire all of Avigilon's outstanding shares for $27 Cdn per share. This is the first time the company will wade into the video surveillance and analytics market.

Source: CBC News February 02, 2018 22:18 UTC