6/28/2004 - Motorola, Inc. (NYSE: MOT) announced it has signed a definitive agreement to acquire Force Computers, an embedded computing business owned by Solectron Corporation (NYSE: SLR). The agreement is subject to various closing conditions, including receipt of regulatory approvals. Motorola said it expects the deal to close during the third calendar quarter of 2004. Terms were not disclosed.
Force Computers is a worldwide designer and supplier of open, standards-based and custom embedded computing solutions for original equipment manufacturers (OEMs) in a wide range of applications. Once the deal is closed, Force will be integrated with the Motorola Computer Group, also a global provider in the embedded computing industry.
The Motorola Computer Group has about 1,000 employees worldwide. It is headquartered in Tempe, Ariz., with major operations in Southborough, Mass.; Loughborough, UK; Hyderabad, India; and Shanghai, China.
Force has about 500 employees worldwide. It is headquartered in Fremont, Calif., with major operations in Munich, Germany; Bangalore, India; and Irvine, Scotland.
Motorola, Inc. (NYSE: MOT) is a global leader in wireless, broadband and automotive communications technologies that help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were US$27.1 billion. Motorola creates innovative technological solutions that benefit people at home, at work and on the move. The company also is a progressive corporate citizen dedicated to operating ethically, protecting the environment and supporting the communities in which it does business. For more information, visit: www.motorola.com.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office.
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