Feb 27
2008Motorola’s China Acquisition
Filed Under (Mobile Device Information) by rajesh on 27-02-2008
Motorola has Acquiried the assets related to digital cable set-top products of Zhejiang Dahua Digital Technology Co.,LTD and Hangzhou Image Silicon(Collectively,Dahua Digital).
Dahua Digital has a Substantial Cable Operator Customer base in China .This Privately held Company is a Developer,Manufacturer and Marketer of cable set-tops and related low cost integrated circuits for the emerging Chinese Cable Business.It has Basic set-tops,two way interactive set-tops and High-end Media center class of products.
With Dahua Digital’s extensive R&D Network,Strong Locally Focused Set top Solutions and Industry Exertise Motorola Will enhance its ability to meet the Customer Demands in the dynamic and ever growing Market in China.It will also enhance Motorola’s Product Line with its low-cost Chipset Solution.
“We are very pleased to announce this transaction with Dahua Digital, which will significantly expand our existing capability in China and position Motorola well to address the tremendous growth opportunities this market presents,” said Dan Moloney, president of Motorola’s Home & Networks Mobility business. “Dahua Digital’s strong time to market advantage, R&D capabilities and sales reach are a compelling fit with Motorola’s strategy in China. We look forward to teaming with Dahua Digital’s experienced employees, whose expertise in the China digital cable market will be an invaluable asset to us in this important emerging business.”
“Chinese digital cable is rapidly growing, presenting an important opportunity for Motorola to extend its existing business in set-tops,” said Simon Leung, president of Motorola Asia Pacific. “130 million Chinese households currently subscribe to cable, and as customers make the transition from traditional analog solutions to digital cable, digital cable subscriptions in China are expected to grow from 10 million in 2006 to over 165 million by 2016. With this transaction, Motorola will be well-positioned to capitalize on increasing demand for digital cable solutions in China.”
“This is tremendous opportunity for Dahua Digital,” said Zhu Jiangming, chairman and general manager, Dahua Digital. “By joining forces with Motorola, an established global industry leader, we will enjoy technological benefits and have the resources to enhance our distribution capabilities throughout China. As part of Motorola, we will be well-positioned to deliver even more compelling digital set-top box solutions and outstanding service to our customers.”
