TMCnet News
Motorola to Acquire Mitsubishi Electric's European Research and Development TeamLIBERTYVILLE, Ill., and RENNES, France, Sept. 9 /PRNewswire-FirstCall/ -- Motorola, Inc. announced today that it has acquired from Melco Mobile Communication Europe (MMCE), a subsidiary of Mitsubishi Electric Corporation, a European team of i-mode design employees and a research center in western France. Financial terms of the transaction were not disclosed. "The Rennes research and development team, with its ability to design some of the most advanced i-mode products in the European market, is a welcome addition to Motorola," said Ron Garriques, president of Motorola Mobile Devices. "The Rennes team offers Motorola unmatched capabilities in i-mode development and integration, as well as strong branded services and testing skills. This acquisition builds upon Motorola's recent success in the European market." Motorola noted that this transaction does not include the Japanese mobile phone business of Mitsubishi or its manufacturing or supply relationships, sales and administrative capabilities. Motorola also noted that it is not acquiring any of Mitsubishi's capital or real assets, liabilities or financial obligations. About Motorola Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: http://www.motorola.com/ . MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGOhttp://www.newscom.com/cgi-b in/prnh/20020415/MOTNOTAGLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, [email protected] Motorola, Inc. CONTACT: Jennifer Weyrauch of Motorola, Inc., +1-847-435-5320,[email protected] , or Valerie Berrivin of Motorola France &Belgium, +33 (0) 6 07 956184, [email protected] , or Una Kent ofMotorola Mobile Devices +44 (0) 7802-365-956, [email protected] Web site: http://www.motorola.com/ |