Motorola Solutions\' Enterprise Business Sells for $3.45B

Motorola Solutions Inc. is shedding another part of its identity with a deal to sell its enterprise business unit to Zebra Technologies Inc. for $3.45 billion in cash and debt.

The deal will position Motorola as a "singularly focused pure-play leader in mission-critical communications," Greg Brown, Motorola Solutions' chairman and chief executive, said in a conference call with analysts afterthe deal was announcedTuesday.

The leaner Motorola will consist of two key businesses. One is a division focused on products for the core public safety and commercial systems and devices business, which garners about $4.1 billion in annual revenue. The other is a $2.1 billion services business, which includes systems integration, managed services, and smart public safety. Motorola Solutions will keep its iDEN product portfolio that was part of its enterprise business, and it will continue its government business, including its professional commercial radio product portfolio.

on IoT, mobility, and cloud apps.

(Source: Motorola Solutions)