Motorola Solutions Expands Managed & Support Services with Chile Acquisition
March 13 2017 - 3:37PM
Business Wire
- Interexport delivers communications
managed and support services for public safety, government and
enterprise customers across Chile
- Acquisition brings a proven network and
service delivery platform to expand and diversify Motorola
Solutions’ Managed & Support Services business
- The company’s first acquisition in
Latin America demonstrates its commitment to the region
Motorola Solutions (NYSE: MSI) today announced that it has
acquired Interexport, a company that provides managed and support
services for communications systems to government agencies, public
safety and enterprise customers in Chile.
Motorola Solutions has been a long-term communication partner
with Interexport in Chile. This acquisition builds on Motorola
Solutions proven track record of delivering, managing and operating
large-scale and complex public safety networks around the
world.
“Acquiring Interexport helps us deliver on our strategy to drive
growth for our global Managed & Support Services business,”
said Greg Brown, chairman and CEO of Motorola Solutions. “We will
build on Interexport’s proven network and service delivery platform
to expand and diversify our Managed & Support Services business
in Chile and throughout Latin America.”
“Interexport has invested significantly in the development of a
secure, resilient and interoperable network for our Chilean
customers,” said Nicolas Anastassiou, president of Interexport,
which was founded in 1953 by Raul Rojas Baltra. “Our customers will
continue to benefit from the high-quality service they have come to
expect while adding new expertise from Motorola Solutions, the
global leader in mission-critical communications.”
Motorola Solutions expects Interexport to add approximately $50
million in revenue for 2017. The terms of the transaction were not
disclosed.
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, the expected incremental revenues of Interexport.
Motorola Solutions cautions the reader that the risk factors below,
as well as those on pages 9 through 21 in its 2016 Annual Report on
Form 10-K 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 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: (1) the future results of operations of
Interexport; (2) the impact of foreign currency fluctuations on the
company and Interexport; (3) negative impact on the company’s and
Interexport’s business, from global economic and political
conditions; and (4) the impact on the company’s performance
and financial results deriving from the anticipated benefits of the
transaction. 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.
About Motorola Solutions
Motorola Solutions (NYSE: MSI) creates innovative,
mission-critical communication solutions and services that help
public safety and commercial customers build safer cities and
thriving communities. For ongoing news, visit
www.motorolasolutions.com/newsroom or subscribe to a news feed.
MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are
trademarks or registered trademarks of Motorola Trademark Holdings,
LLC and are used under license. All other trademarks are the
property of their respective owners. ©2017 Motorola Solutions, Inc.
All rights reserved.
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Motorola SolutionsMedia ContactsTama McWhinney+1
847-538-1865tama.mcwhinney@motorolasolutions.comorSteve Gorecki+1
847-727-6284steve.gorecki@motorolasolutions.comorGina
Acosta+57-310-880-6688gina.acosta@motorolasolutions.comorInvestor
ContactChris Kutsor+1
847-576-4995chris.kutsor@motorolasolutions.com
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