Motorola to acquire controlling interest in Vertex Standard (Yaesu)

Motorola announced today that it will launch a tender offer to acquire a controlling interest in Vertex Standard, the parent company of Yaesu. Upon successful completion of the tender offer and subsequent restructuring process, Motorola will own 80% of Vertex Standard and Tokogiken, a privately held Japanese company controlled by Jun Hasegawa, current president and CEO of Vertex Standard, will retain 20% forming a joint venture. The Board of Directors of Vertex Standard have expressed their support of the tender offer. “As a leading provider and pioneer in 2-way radio communication solutions, Motorola is an excellent strategic partner for our business”, said Jun Hasegawa, president and CEO of Vertex Standard. “The joint venture will give Vertex Standard access to Motorola’s global distribution channels, presenting considerable opportunities for Vertex Standard to drive growth. We also expect to reduce costs, as we will benefit from Motorola’s global scale and resources. With Motorola, Vertex Standard will be stronger and better positioned to deliver new and innovative 2-way radio solutions for professionals and consumers around the world”. The joint venture will expand and develop a comprehensive suite of products to address the rapidly growing demand for 2-way radio solutions. Vertex Standard’s strength in the Amateur, Marine and Airband segments will also provide Motorola with access to new business opportunities. In addition, Vertex Standard’s solutions are highly complementary with Motorola’s products and will add greater depth and breadth to Motorola’s Government and Public Safety business. The venture will also provide additional engineering talent for Motorola.

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