The businesses might announce a deal inside weeks, the individuals stated, asking to not be recognized as a result of the knowledge is personal.
A ultimate settlement hasn’t been reached and talks with Motorola might nonetheless finish with out one, the individuals stated. Representatives for Motorola and TJC declined to remark.
Silvus, which is owned by personal fairness agency TJC, has been exploring choices together with a possible sale or preliminary public providing, Bloomberg News reported in January. Mid-market centered TJC was previously often called The Jordan Co.
For Motorola, a takeover of Silvus can be its second-biggest acquisition ever, behind solely its settlement to purchase Arris Expertise Inc. for $9.5 billion in 1999, based on information compiled by Bloomberg. Motorola has been a serial acquirer however principally on the smaller finish. It’s accomplished some 40 offers previously decade, with solely two acquisitions of $1 billion or extra, the information present.
Silvus designs and manufactures wi-fi radios and communication methods utilized by the army and regulation enforcement companies in harsh and difficult environments. Demand for its superior and safe communications equipment is excessive amid persevering with geopolitical tensions and regional conflicts all over the world.
Uncover the tales of your curiosity
Chicago-based Motorola was as soon as synonymous with cell phones and pagers. It has since reinvented itself as a supplier of high-tech safety merchandise for companies and governments. The corporate gives two-way radios for firefighters, physique cameras for cops and software program that sends emails and textual content alerts throughout emergencies.Longtime Motorola Chairman and Chief Government Officer Greg Brown stated in a Bloomberg TV interview in November that “M&A does play a key position going ahead.”
Shares of Motorola have gained about 14% previously 12 months, giving the corporate a market worth of roughly $71 billion.
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
