Private Equity Group Sells Pelco to Motorola
- By Ralph C. Jensen
- Aug 03, 2020
Just 15 months ago, Transom Capital Group bought the beleaguered Pelco security group from Schneider Electric. While the financials were not disclosed, they were quick to turn the business around and sell to Motorola.
In an acquisition announced today, Motorola has not acquired Pelco for $110 million in cash. In an official press release from Motorola, officials said, Pelco designs, develops and distributes end-to-end video technology, including video security cameras and video management system software. The company’s scalable solutions and commitment to service delivery enables customers of all sizes to mitigate risk, increase operational efficiencies and enhance safety.
“Video continues to play a more powerful role in enabling safer cities and securing businesses around the world,” Greg Brown, chairman and CEO, Motorola Solutions, said in a statement. “Pelco’s track record of innovation, internationally recognized brand, global channel and customer installed base enable us to further expand our global footprint with enterprise and public safety customers.”
In April 2018, Motorola acquired Avigilon; now adding Pelco to a rapidly growing number of video surveillance acquisitions. Since then, the company has added WatchGuard Inc. (July 2019) and completed its acquisition of IndigoVision in June.
Transom Capital Group had acquired Pelco in late May of 2019 from Schneider Electric, but financial terms of the deal were not disclosed.
This story will be updated as more information becomes available.
Ralph C. Jensen is editor-in-chief of Security Today magazine.