Motorola to Acquire BenQ Mobile's R&D Centers in Denmark
Motorola and BenQ Mobile signed an agreement, under which Motorola will acquire from BenQ Mobile, a research and development center, associated development and test equipment and a team of product development engineers in Aalborg, Denmark.
The Aalborg facility and team will be integrated into Motorola's Mobile Devices business and become a products development center for Motorola.
Terms of the transaction were not disclosed. The closing is expected to take place in early June.
Located in the "Danish Silicon Valley," the Aalborg facility features measurement facilities, including antenna chambers, acoustical chambers, radio frequency chambers, environmental laboratories and measuring facilities related to mechanical development. The main facility in Aalborg is currently owned by a D anish Pension Fund and leased to Siemens Real Estate who leases it to BenQ Mobile. Motorola expects to enter into a lease directly with Siemens at closing.
As part of the transaction, Motorola will acquire approximately 250 employees, the majority of whom are engineers.
This transaction does not include any business, products or other assets from BenQ Mobile, including any intellectual property, manufacturing or supply relationships, or sales and administrative capabilities. In addition, Motorola is not acquiring any of BenQ Mobile capital, liabilities or financial obligations.
Terms of the transaction were not disclosed. The closing is expected to take place in early June.
Located in the "Danish Silicon Valley," the Aalborg facility features measurement facilities, including antenna chambers, acoustical chambers, radio frequency chambers, environmental laboratories and measuring facilities related to mechanical development. The main facility in Aalborg is currently owned by a D anish Pension Fund and leased to Siemens Real Estate who leases it to BenQ Mobile. Motorola expects to enter into a lease directly with Siemens at closing.
As part of the transaction, Motorola will acquire approximately 250 employees, the majority of whom are engineers.
This transaction does not include any business, products or other assets from BenQ Mobile, including any intellectual property, manufacturing or supply relationships, or sales and administrative capabilities. In addition, Motorola is not acquiring any of BenQ Mobile capital, liabilities or financial obligations.
