San Francisco – Vector Capital, the San Francisco-based private equity firm, said on Tuesday it will acquire Motorola Solutions’ point-to-point (PTP or Orthogon) and point-to-multipoint (PMP or Canopy) wireless broadband networks businesses. Financial terms of the deal, expected to possibly close by the end of September, were not disclosed.
Vector said it will operate the businesses as a single standalone company called Cambium Networks, led by CEO Phil Bolt, currently the vice president of wireless network solutions at Motorola Solutions.
“We are pleased to have reached this agreement, which will further streamline the Motorola Solutions portfolio and position PTP and PMP for even greater success,” said Greg Brown, the chairman and CEO of Motorola Solutions.
This article was also published in Bay Area Tech Wire.
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Photo of MotoTRBO System courtesy of Motorola Solutions
