Airbus Says It Agrees to Sell Plant Holdings to Motorola Solutions
28 Luglio 2017 - 3:54PM
Dow Jones News
Robert Wall
LONDON--Airbus SE said Friday it would sell a small U.S.
communications business to Motorola Solutions Inc. as part of the
European plane maker's continued effort to focus on aircraft making
activities.
Airbus said Motorola would buy for an undisclosed sum the
business that provides software for emergency call centers. The
unit, called Airbus DS Communications and sold via its holding
entity Plant Holdings Inc., had $100 million in sales last
year.
Airbus has sold a number of businesses it no longer considers
core. Last year it sold the bulk of its defense electronics
operations to private equity firm KKR & Co. Earlier this month
it said it was in talks to sell helicopter repair unit Vector
Aerospace to StandardAero owner Veritas Capital Fund
Management.
Airbus said it expected the deal with Motorola to close by year
end pending regulatory approvals.
Write to Robert Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
July 28, 2017 09:39 ET (13:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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