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In M2M bid, Telit to acquire Motorola Solutions
Telit Wireless Solutions has reached agreement to purchase Motorola Solutions, in a bid to expand its machine-to-machine (M2M) business activities.The Rome-based maker of M2M modules said the acquisition would boost its revenues to 180 million dlrs a year, based on 2010 proforma numbers.The company said it would issue 23,793,750 new ...