Emerson Network Power completed its previously announced acquisition of Motorola's Embedded Communications Computing group, which focused on AdvancedTCA (ATCA), MicroTCA, CompactPCI and VMEbus solutions.
The deal was first announced in September 2007 for $350 million in cash. Motorola's ECC business supplies embedded computing products and services to communication infrastructure and equipment manufacturers in telecommunications, medical imaging, defense and aerospace and industrial automation. Based in Tempe, Arizona, Motorola's ECC business has approximately 1,100 employees. The business has driven open standards and pioneered technologies based upon them since it was formed in 1980. Motorola's ECC business, which had 2006 revenue of approximately $520 million..
"We believe the whole industry will benefit from this transaction -- from customers and prospects to partners, suppliers and industry organizations," said Earle Weaver, group vice president, Emerson, with the responsibility for the Embedded Computing business. "We intend to focus Emerson's considerable resources on developing advanced embedded computing technologies and delivering integrated, single-source solutions using our expertise to drive the adoption of common platforms that benefit this market. "http://www.emersonnetworkpowerembeddedcomputing.com
Monday, January 7, 2008
Emerson Closes Acquisition of Motorola's Embedded Communications Computing
Monday, January 07, 2008
Financial