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Motorola to Purchase RiverDelta

Fri, 08/31/2001 - 8:00pm
Staff

Motorola Inc. is buying RiverDelta Networks Inc., in a transaction valued at $300 million, subject to certain adjustments. According to the merger agreement, which is subject to various closing conditions, Motorola will acquire all of RiverDelta Networks' capital stock in exchange for shares of Motorola's common stock. The final exchange ratio will not be fixed until immediately prior to the closing and will be based on the average trading price of Motorola's common stock at that time.

This acquisition will be part of Motorola's strategy to offer broadband network operators an end-to-end IP infrastructure network.

The acquisition will provide Motorola Broadband with RiverDelta Networks' carrier-class routing platform, integrated, high-density CMTS and staff of more than 200 R&D, engineering, product-marketing, manufacturing, and technical sales professionals.

This acquisition will also enable Motorola to offer a comprehensive system for metropolitan and regional network applications and to deploy the integrated broadband-routing platform in environments using other wired and wireless access media.

Integrating RiverDelta Networks' content-aware routing technologies into Motorola's existing CMTS business will allow Motorola to broaden its infrastructure footprint across all system sizes and into regional IP network applications. Combining the two organizations' resources and collective expertise is expected to result in a more efficient carrier-class CMTS solution with integrated routing capabilities for broadband network operators who currently need additional routers to link the CMTSs deployed across their regions.

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