Motorola Solutions to acquire Airwave

Airwave is the world's largest private operator of a public safety network
Motorola Solutions to acquire Airwave

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Motorola Solutions, a specialist in communications networks and equipment for public safety, is set to acquire Airwave for GBP817.5 million ($1.2 billion) from Macquarie European Infrastructure Fund 2.

Airwave, which is based in the UK, is the largest private operator of a public safety network in the world, delivering mission-critical voice and data communications to more than 300 emergency and public service agencies in Great Britain. Based on Terrestrial Trunked Radio (TETRA) technology provided by Motorola Solutions, its network covers 99% of Great Britain’s landmass, is resilient and enables more than 300,000 police, fire, ambulance and other emergency personnel to easily and securely communicate with each other.

“The Airwave acquisition demonstrates our commitment to public safety in Great Britain and to growing our managed and support services business,” said Greg Brown, chairman and CEO of Motorola Solutions.

Richard Bobbett, CEO of Airwave, said: “We are delighted that through this new relationship with global leader Motorola Solutions, we are able to enhance our offering and ensure our customers continue to benefit from the high-quality service they have come to expect.”

Motorola Solutions plans to fund the acquisition with bank financing and cash on hand, predominantly from international funds. Upon closing, the company expects the transaction to be immediately accretive to non-GAAP earnings and free cash flow.
The agreement is subject to required approvals and other customary closing conditions, and is expected to close in the first quarter of 2016.

Motorola Solutions delivers, manages and operates large-scale and complex public safety networks around the world. It operates more than 20 systems in countries such as Norway, Denmark, Austria, Australia and the United States.

Formed in 2000, Airwave is headquartered in Berkshire, England, with some 600 employees.

 

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