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Motorola Solutions (NYSE: MSI) has acquired Futurecom Systems Group, a provider of radio coverage extension solutions for public safety agencies based in Ontario, Canada. This acquisition aims to enhance communication for over 800 agencies dependent on Futurecom's products. The collaboration, spanning over 30 years, focuses on delivering vital RF repeaters and extenders, ensuring reliable radio connectivity for first responders, even in remote areas. Terms of the transaction remain undisclosed, but the strategic importance is underscored by the integration of Futurecom's solutions into Motorola's offerings.
Positive
Acquisition of Futurecom Systems Group enhances Motorola's product offerings for public safety.
Over 800 agencies currently rely on Futurecom's solutions, boosting Motorola's market position.
30 years of collaboration indicates strong integration potential and product compatibility.
Negative
Transaction terms are undisclosed, which may raise concerns about financial implications.
Integration challenges could arise due to the acquisition of Futurecom.
CHICAGO--(BUSINESS WIRE)--
Motorola Solutions (NYSE: MSI) today announced it has acquired Futurecom Systems Group, a leading provider of radio coverage extension solutions for public safety agencies, based in Ontario, Canada.
Futurecom designs and manufactures in-vehicle, fixed and portable radio frequency (RF) repeaters and extenders exclusively for Motorola Solutions. These complementary products are critically important to public safety agencies, serving as vital communication “hotspots” to extend and enhance land mobile radio coverage across vast and remote areas without nearby radio towers.
“Radio communications are trusted as a lifeline by first responders, and over 800 agencies across the world depend on Futurecom products to remain reliably connected in the line of duty,” said Scott Mottonen, senior vice president, Products, Motorola Solutions. “Futurecom is an important part of both our history and our future, and together, we will continue to innovate mission-critical communications for the public safety agencies who trust our solutions to keep their first responders and communities safe.”
For over 30 years, Motorola Solutions and Futurecom have collaborated on RF repeaters and extenders that are tightly integrated with Motorola Solutions’ radio networks and devices. These solutions help to ensure that first responders, even in remote locations, maintain critical communications and advanced features, such as encryption and data services, to do their jobs more safely and securely.
“We couldn’t be more excited to join Motorola Solutions, a company with which we have collaborated and worked alongside for many years,” said Paul Halinaty, president and CEO, Futurecom. “We share a deep passion for designing and delivering solutions that help to ensure first responders have radio coverage when and where they need it.”
Terms of the transaction were not disclosed.
About Motorola Solutions
Motorola Solutions is a global leader in public safety and enterprise security. Our solutions in land mobile radio communications, video security & access control and command center software, bolstered by managed & support services, create an integrated technology ecosystem to help make communities safer and businesses stay productive and secure. At Motorola Solutions, we’re ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.
Motorola Solutions 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” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s 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, Motorola Solutions’ ability to integrate the products and services into its portfolio and offerings to customers. Motorola Solutions cautions the reader that the risks and uncertainties below, as well as those in Part I Item 1A of Motorola Solutions’ 2021 Annual Report on Form 10-K, Part II Item 1A of Motorola Solutions’ 2022 Second Quarter Report on Form 10-Q, 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, 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, Motorola Solutions’ ability to successfully integrate and operate Futurecom Systems Group. 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.
