Motorola Speaks About Future 2023 / 2024 Acquisitions
While Motorola has acquired the most video surveillance companies in the past five years, they have not made any deals this year.
With both Bosch security products for sale and Carrier Fire & Security on the market, will that change now?
This week, IPVM made the case for Motorola acquiring Bosch Security but not Carrier F&S / LenelS2.
Now, Motorola's executives have commented on their approach for upcoming acquisitions that we examine in this note.
Background, see IPVM coverage on:
- Motorola Acquires Rave Mobile Safety
- Motorola Acquires Calipsa
- Motorola Acquires Ava
- Motorola Acquires Envysion
- Motorola Acquires Openpath
- Motorola Acquires Pelco
- Motorola Acquires IndigoVision
- Motorola Acquires VaaS / Vigilant LPR
- Motorola Acquires Watchguard
- Motorola Acquires Avigilon
Executive *******
******** ********** *** **** **** ** make **** ************, ************ ** ****** control *** ***** ************, ********* ****** deals, *** **** **** *** ***** selective *** ******* **** ******* ************ seller ************.
** ******* ***** ******** *** **** with *** ********* ** * ***** security ******** **** *** **** **** with * ******* ***.
Strong **** ********
****** **** ********* *** *** ******* with ********* **** *** ***** ****** leveraged (*.*.,*** ********* "*********"), ******** *** *** **** ******** to **** ******** *****, **** ******** commenting:
** **** ***** *** ******* **** net ****-**-****** ***** ** *.*, ***** provides ** **** * ******* ******* sheet *** ********** ********* ** ******** to ****** **** *********** *** ******** inorganic *********** ** ****.
******** ******* ** ******** $*,* ******* of ********* **** **** **** ****, with **** ****** ********* ** ~$* billion, ******** ** *** **** ** ~$5 *******. **** **** *** ~$*** million ** **** ** **** ** the *** ** **.
"Firepower"
******** ********** **** ********** "*********" ** do ***** **** *********** **** **** not **** *** **** **** (******** for ********):
****, ** ********* *** ** ***** shape **** * ******* ***** ********** and *** ********* ** ** **** things *************. **'* ******, *****, ******* here *** ******* ** ********, *** we **** *** **** ** *********** yet ** ****.
Unreasonable **********
* *** ****** ** ******* ***** unreasonable, **** ********:
**** ** ********* *** *** * lack ** ** ****** *** * fulsome ******, *** **'** **** ****** diligent *** ***** *******, **** ******* have **** ********* ** ****** **** we ******* ***** ** **** ********** valued. ****'* ****.
**** ** * ****** ***** ** have ***** ** ******* *** ***** still *********** ******** ** ******** **** valuations ***/** ****** *** * ***** rebound **** ** **** ******* *** sharp ******** ** *** ********** ******.
Tuck-In *****
******** ********** **** ******* "****-**" **** deals *** ***********:
****** **** ****, ** * ********** some ********* *&* ****-** ********, * do *** *** ****, ***, ******, Jack, *****, *******, **** *** ******** working **** ******.
Focus ** ***** *** ****** *******
***** ******** ** ***** ****** * communications *******, *** ***** **** *** last **** ***** *** **** ********* into ******** ********, ***** **** **** to ********:
* ***** ** ***** ******** ********* in *******, ******** *** ***** ******** and ****** ******* ** ***** ** probably ****** ******** **** ****** **** we ***** **** ** ** *************.
Caution ** ****** *****
****** ***** *** ********, *** ******** warned **** **** ***** ** ******** about ********** *** ********* *** ********* fits:
*** ** *****'* ********* ****** *** us ** ********, ** ***** ******** that ** **** ***** ****, *** balance **** *********** *** *************, *** we'll *** **** *****.
*******
** ****** **** ************ **** ******** because **** *** ********* *** ******* ongoing ******, ***** *** ******** ** its **** ************* ********.
*******, ***** ******* **** ** **** more ********* ***** * ******* *&* deal ***** ********* **** * ***** security ******** **** ** ********.
*** ****, ****** ******** ****** ******* ***** ******** But *** ******* *&* / ******* (Analyzed).
*********** ****, *** **? * **** seen ****** ****** ** ******** *** we **** **** ** *** ******* deployments ** *** ******.
********. ** **** **** **** ******** and ****** *********** **** ****.
****** **** *** **** **** ** throw **** ******.
*'* ********** ** **** ******** ** how **** ****** ******** *** ****** to *******. ** *** ** *'** seen **'* *** **** ******* *** some *** ******* ******** **** **** like *** *** ******** ***** ***** positive ** **.
******* *** **** * *** ***** old ******* **** **** **** ********, really *****'* **** **** ** ** to *** **** ****** ** ** garbage; ***** ** ****** * ******** to *********. * ***** *** ******** scaling ** ** *** ******* *** possibly ***** ************* ** ***** **** support ***'* *** * ***'* ***** anything *** ****** *******.
* ********** ** *** * *** of ****** ** ***** *******, **** all **** *********** ** *****.
** **** ****** ***** *** ******* in ******* ***** ** ***********. ***** drives ****** ** ***** *** ********. A ****** ********* **** ** ***** America.
* ** *** **** ******** ** I ***'* **** ****'* **** *** here's ****.
***** ***** ******* ** ** *** many *******. ********* ** ********* ***** position ** *** **** ******; **** of ***'* ******* ******* ***** **** NA. ***** ** **** ***** ** previously ***** ******* **** *****, **** is ** ******* **** *** ***** hardware, *** ****** **** **** ***** acquisitions. (*'* ****** *** ***% ** to-date ** ***** ******** ***********). *** the ******** *** ******* **** ** make, ***** ** **** ******* *** there ** **** ********** ** *** products ***** *** **** * ***'* think ***'* ******* ********* ****; **** as **** ******* *** **** ******** specific ******** **********. *******, **** * think ** *** ******* ****** ** the ********* ******: ** ** ******** market *** ***, *********** **** ** JCI **** ******** ******* ***** ** this *******. ********* *** *** * Bosch *********** *** **** ***** ******** with ** ***********. * ********* *** Sensors ******* * ****** **** ** Enterprise ***** ********/****** ******* ********* *******. These *** *** *** ******* * think ***** ** * **** ***, I **** ******* *** ***** ** going ** ** ***** **** ***** for **** * ******* ** **** upside. *** **** ***** * **** say ** ******* ** * ***** Avigilon *******, ** ** **** * see **** ******* **** ****; *'* unsure *** **** **** ***** **** into ** ***********(******* ** *** **** of *** ****).
***** ***** **** ******* ** **. It's ***** ** ** ************* **** expensive, ** **** *** * ****** leader *** **** * **** ***** foothold. **** ********* **** **** *** in *** ******** ** ******* *** companies ***** ** * ****** ****** for *** ****** ********. ***** **** have * ***** ******* *** **'* not **** ******* *** **** ******* rich; ***** ********** **** ****** *** VMS's * **** ********* ***(********) *** VX(Pelco). ***** **** **** ** **** Architecture ******* ** ******* ******** ***. So ******** ****** * ******* **** this ***** *** **** **** ** a *** ** *****, ***** ** already **** ** **** **** ***'* product ********* *** ***** **** ********. I ****** *** *** ******* ** this ****** **** ***** ******** ******* and ** ************ ****** ***** * lot **** ******. ** * ****** Motorola ********** *** **** ** * segment **** *** *********** **** *** takeover ******** ***** ******* ****** ****** a **** *******.
* **** ******** ***** ************* ** big ********* **** ****, *** ********** I ***** **'* **** *** *** market. ** **** **** ********* **** can ******* ** *** ***** ***** and **** *** ***** *** ******* producers; ******** *********/***** *** ***** *** leaders *** **** ****** *** ** buying ********, **** *** ***** ***** globally. *** ****** ****** *** ********** Security ** ********* ** ** ****** $50 ******* *** *** *******, **** is **** ****** *** **** ** MSI ****** ******** **** ****** *****. I *** * *** ** *** next ** ***** ***** ******** ********* their *** ******** ** *** ******* contributor.
* *** ****** ** ****:
***** ** **** ***** ** ********** OEM ******* **** *****
***** ***** *** *** *** ******* from *****. ******** ******** *****.
*** **** ***** * **** *** is ******* ** * ***** ******** Partner
******* ** *** ***** ******** ** the ***** ****-***. ***** ** ******* the *********** **** *** **** ******* off *** ******** ********, ********* ********* ********, **** **** *** ******** Products ********
** *** *'** **** ***** *** wrong ***********. * ********* ** ** the **** ***** ** ***.
* **** ******* ** *** **** of *** ****, *** **** * was ******* ***** ***** ** ******** favoritism ** ********** ** * ***** their *********** ******** ******. **** ********* above.
**** **. ****** ** ******. **** turned ******** ** ******* ** **** as ******. **** ***** ** *****.