Edinburgh-based video surveillance systems firm IndigoVision is set to be acquired by US-based Motorola Solutions.
The acquisition values the entire issued and to be issued share capital of IndigoVision at approximately 拢30.4m.
IndigoVision鈥檚 security camera technology is used in airports and by casinos and police forces, and its clients include BMW, IKEA, Amazon and the NHS.
American data communications and telecommunications equipment provider Motorola Solutions succeeded Motorola Inc. following the spinoff of the mobile phone division in 2011.
The US firm said it operates in the large and expanding area of video security, including high-definition cameras, advanced video analytics, network video management hardware and software and access control solutions.
Motorola Solutions said it believes IndigoVision’s range of products and customer base are 鈥渉ighly complementary to Motorola Solutions’ existing presence in video security鈥� and the deal will provide Motorola Solutions with enhanced geographical reach across a wider customer base.
The deal has now gained shareholder approval following a general and court meeting.
Completion of the deal, which began in March, now needs court sanction following a hearing.
鈥淲e share IndigoVision鈥檚 commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency,鈥� said John Kedzierski, senior vice president of video security solutions at Motorola Solutions.
鈥淚ndigoVision鈥檚 end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics.鈥�