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Singer Capital Markets is delighted to be acting as Rule 3 Adviser, Nominated Adviser and Broker to IndigoVision Group plc on the terms of a recommended cash acquisition for £30.4 million, pursuant to which Motorola Solutions International Holding Limited (“Bidco”), a wholly owned subsidiary of Motorola Solutions Inc. (“Motorola Solutions”), intends to acquire the entire issued and to be issued share capital of IndigoVision (the “Acquisition”).

The Acquisition values the entire issued and to be issued share capital of IndigoVision at approximately £30.4 million (approximately $37.2 million) and represents:

The timing of the implementation of the Acquisition will be dependent on a number of factors including availability of the Court. The Scheme is currently expected to become Effective by the end of May 2020, subject to the satisfaction or, where applicable, waiver of the Conditions.

Commenting on the Acquisition, Pedro Vasco Simoes, Chief Executive Officer of IndigoVision said:

The access we will now have to Motorola Solutions’ range of innovative technologies will create new opportunities for IndigoVision and enable us to bring an exciting proposition to the market that allows us to further deliver on our goal of delivering safety, security and business intelligence.

John Kedzierski, Senior Vice President, Video Security Solutions, Motorola Solutions said:

“We share IndigoVision’s commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency. IndigoVision’s end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics.”

For more information on this news, please email us or call us on +44 (0)20 7496 3000.

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