Latest news with #wirelesscommunication
CNA
27-05-2025
- Business
- CNA
Motorola Solutions bolsters communications segment with $4.4 billion deal for Silvus
Motorola Solutions said on Tuesday it would acquire wireless-radio maker Silvus Technologies for $4.4 billion as the safety equipment maker looks to bolster its position in the market and take advantage of rising demand. The acquisition could help Motorola develop and improve its communications hardware to meet high orders for devices such as radios amid rising geopolitical tensions and regional conflicts. Under the terms of the deal, Silvus has the potential to receive an earn-out of up to $600 million based on its business performance over twelve-month periods ending in 2027 and 2028. The buyout is expected to close in the third or fourth quarter of this year. Founded in 2004 and headquartered in Los Angeles, Silvus Technologies makes advanced wireless communication systems for mission-critical applications such as military and maritime operations. Silvus' investments in integrating artificial intelligence into its communications systems have benefited the company as the public sector invests heavily in modernizing military capabilities. Last month, Motorola launched an AI tool that works with its software to process information and collect data more quickly in order to help first responders save time and react faster during emergencies. Motorola forecast weak second-quarter profit at the start of the month and flagged higher material costs for the year owing to uncertainty created by a shifting U.S. trade policy.
Reuters
27-05-2025
- Business
- Reuters
Motorola Solutions to buy Silvus Technologies for $4.4 billion
May 27 (Reuters) - Motorola Solutions (MSI.N), opens new tab said on Tuesday it would acquire wireless-radio maker Silvus Technologies for $4.4 billion. Under the terms of the deal, Silvus has the potential to receive an earn-out of up to $600 million based on its business performance over twelve-month periods ending in 2027 and 2028. The buyout is expected to close in the third or fourth quarter of this year. Founded in 2004 and headquartered in Los Angeles, Silvus Technologies makes advanced wireless communication systems for mission-critical applications such as military and maritime operations.
CNA
21-05-2025
- Business
- CNA
Motorola Solutions nears $4.5 billion deal to buy Silvus, Bloomberg News reports
Motorola Solutions is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The companies could announce a deal within weeks, the report said, adding that the final agreement had not been reached. Silvus, which is owned by private equity firm TJC, has been exploring options including a potential sale or initial public offering, according to the report. Motorola Solutions declined to comment when contacted by Reuters, while TJC and Silvus did not immediately respond. Founded in 2004 and headquartered in Los Angeles, Silvus Technologies makes advanced wireless communication systems for mission-critical applications such as for military and maritime operations. Growing geopolitical tensions and conflicts have triggered demand for products from companies such as Silvus, prompting investments in modernizing military capabilities. Chicago, Illinois-based Motorola provides critical communications gear including walkie-talkies, video-surveillance cameras and software solutions, helping communities served by its customers during emergencies. Motorola forecast second-quarter profit and revenue growth below Wall Street estimates earlier in May. The company launched SVX - a device that combines a remote speaker microphone, body camera and AI assistant named Assist - in April to help first responders during emergencies.
CNA
14-05-2025
- Business
- CNA
Tower Semiconductor forecasts quarterly revenue above estimates on steady wireless chip demand
Contract chipmaker Tower Semiconductor forecast second-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for wireless communication and power management chips. The Israel-based company specializes in analog and mixed-signal semiconductor manufacturing, catering to industries such as automotive, industrial, consumer electronics and communications. While demand from key industries such as automotive has been choppy in recent quarters, with inventory corrections and softer electric-vehicle demand weighing on orders, Tower Semiconductor is benefiting from higher demand in other end-markets. The company said it saw record revenue from radio frequency infrastructure technologies, used in wireless communication and sensing applications. Tower Semiconductor forecast second-quarter revenue of $372 million, with an upward or downward range of 5 per cent, slightly above analysts' estimates of $371.3 million, according to data compiled by LSEG. Tower Semiconductor has also been ramping up capacity by expanding its facility in Agrate, Italy. While that has driven up costs, it still reported an adjusted profit of 45 cents per share in the first quarter, beating estimates of 38 cents. The company also reaffirmed its expectations for sequential growth in its quarterly revenues throughout the year. It reported revenue of $358.2 million for the quarter ended March 31, in line with estimates. The U.S.-listed shares of the company were down about 1 per cent in premarket trading.
