Motorola has confirmed that the IndigoVision pension schemes and its members' benefits will be safeguarded in its proposed acquisition of the video security solution firm.

Motorola Solutions and IndigoVision have agreed on a recommended cash offer of £30.4m, with each shareholder entitled to £4.05 per share.

The phone company confirmed that it plans to “fully observe the contractual and statutory employment rights, including in relation to pensions, of all IndigoVision employees”.

It added that it will not make any material changes to the conditions of employment, other than to “ensure the conditions of employment remain competitive” and to make sure that they are “broadly consistent” with comparable conditions of employment observed by Motorola employees, including pension entitlements.

IndigoVision does not have a defined benefit pension scheme but does operate defined contribution schemes.

In its 2018 financial report, published in March 2019, IndigoVision revealed that the company paid £593,000 in contributions to its defined contribution schemes in 2018.

Commenting on the acquisition announcement, IndigoVision CEO, Pedro Vasco Simoes, said: "The access we will now have to Motorola Solutions' range of innovative technologies will create new opportunities for IndigoVision and enable us to bring an exciting proposition to the market that allows us to further deliver on our goal of delivering safety, security and business intelligence." 

Motorola senior vice president, video security solutions, John Kedzierski, added: "We share IndigoVision's commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency.

“IndigoVision's end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics."

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