Motorola Solutions Expands Managed & Support Services with Chile Acquisition
- Interexport delivers communications managed and support services for public safety, government and enterprise customers across Chile
- Acquisition brings a proven network and service delivery platform to expand and diversify Motorola Solutions’ Managed & Support Services business
- The company’s first acquisition in Latin America demonstrates its commitment to the region
CHICAGO and SANTIAGO, CHILE – March 13, 2017 – Motorola Solutions (NYSE: MSI) today announced that it has acquired Interexport, a company that provides managed and support services for communications systems to government agencies, public safety and enterprise customers in Chile.
Motorola Solutions has been a long-term communication partner with Interexport in Chile. This acquisition builds on Motorola Solutions proven track record of delivering, managing and operating large-scale and complex public safety networks around the world.
“Acquiring Interexport helps us deliver on our strategy to drive growth for our global Managed & Support Services business,” said Greg Brown, chairman and CEO of Motorola Solutions. “We will build on Interexport’s proven network and service delivery platform to expand and diversify our Managed & Support Services business in Chile and throughout Latin America.”
“Interexport has invested significantly in the development of a secure, resilient and interoperable network for our Chilean customers,” said Nicolas Anastassiou, president of Interexport, which was founded in 1953 by Raul Rojas Baltra. “Our customers will continue to benefit from the high-quality service they have come to expect while adding new expertise from Motorola Solutions, the global leader in mission-critical communications.”
Motorola Solutions expects Interexport to add approximately $50 million in revenue for 2017. The terms of the transaction were not disclosed.
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This press release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results or events discussed in these statements to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, the expected incremental revenues of Interexport. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 9 through 21 in its 2016 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com, could cause Motorola Solutions’ actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to: (1) the future results of operations of Interexport; (2) the impact of foreign currency fluctuations on the company and Interexport; (3) negative impact on the company’s and Interexport’s business, from global economic and political conditions; and (4) the impact on the company’s performance and financial results deriving from the anticipated benefits of the transaction. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.