Motorola Solutions Buys VaaS International for $445 Million
January 07 2019 - 11:08AM
Dow Jones News
By Michael Dabaie
Motorola Solutions Inc. (MSI) said Monday it acquired VaaS
International Holdings Inc. for $445 million in cash and
equity.
VaaS, based in Livermore, Calif., and Fort Worth, Texas,
provides data and image analytics for vehicle location. The
company's 2019 revenue is expected to be around $100 million,
Motorola said.
Motorola said the acquisition will expand its command-center
software portfolio.
Motorola Solutions shares were down 0.3% to $115.24 Monday
morning.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 07, 2019 10:53 ET (15:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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