Motorola Completes Acquisition of Kreatel Communications
Friday February 24, 10:48 am ET
HORSHAM, Pa. and LINKOPING, Sweden, Feb. 24 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT - News) today announced it has completed its previously announced acquisition of Kreatel Communications AB (publ).
Kreatel is a leading developer of innovative Internet Protocol (IPTV) based digital set-tops. Kreatel's Linux-based solution extends into the application and middleware layers, allowing it to be used with a broad set of middleware solutions. This flexible set-top platform is a natural complement to Motorola's end-to-end digital video solutions. Motorola offers flexible solutions throughout the cable, xDSL, and fiber-to-the-premise (FTTP) video chain -- including network infrastructure, video headend and transport, industry-leading MPEG-4 encoding, and connected home devices.
Kreatel's management team and employees will remain based in Linkoping, Sweden, and be integrated into the Motorola Connected Home Solutions business.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit motorola.com .
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Source: Motorola, Inc.
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