Nokia Siemens Networks today completed its US$975m cash acquisition of the wireless network infrastructure assets of Motorola Solutions.
The deal, which closed following regulatory approval in China, will see around 6,900 Motorola personnel transfer to Nokia Siemens Networks in 52 countries.
Responsibility for supporting 50 operators in 52 countries across GSM, CDMA, WCDMA, WiMax and LTE networks will transfer to Nokia Siemens Networks.
“The people, customers and technology we’ve acquired greatly complement our existing business by taking us into new markets and broadening our market share,” said Rajeev Suri, chief executive officer, Nokia Siemens Networks.
“Our combined knowledge and experience will provide our newly expanded customer base with the means to grow by providing greater value to their subscribers.”
In addition to the infrastructure assets, Nokia Siemens Networks is acquiring a number of R&D facilities, including sites in the US, China, Russia, India and the UK.
“Motorola Solutions is pleased to complete this transaction to combine our Networks team with an industry leader,” said Greg Brown, president and chief executive officer, Motorola Solutions.
“This is great news for our customers, our investors and our people and will allow Motorola Solutions to further sharpen our strategic focus on providing mission-critical solutions for our government and enterprise customers,” said Brown.
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