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Motorola Solutions completes $1B acquisition of Avigilon

Motorola Solutions Inc. has completed the acquisition of Vancouver, Canada-based security solutions provider Avigilon Corp. for $1 billion, including net debt.

The U.S. telecom company, through its subsidiary Motorola Solutions Canada Holdings Inc., bought 44,617,813 Avigilon shares for C$27 apiece.

The Avigilon shares are expected to be delisted from the Toronto Stock Exchange by April 2.