Taldor buys Motorola stake in subsidiary

Motorola Israel held 49% of Taldor Communications.

Taldor Computer Systems (1986) Ltd. (TASE: TALD) has bought out its partner, Motorola Israel Ltd., in Taldor Communications Ltd. Taldor bought Motorola Israel's 49% stake in the company for $7 million.

Taldor Communications is Israel's leading provider of end-to-end communications and information security solutions for all types of businesses. The company designs, implements, integrates, installs, and maintains advanced computerized voice, video, and data telecommunications systems.

Taldor has owned 51% of Taldor Communications since 2004, after it bought a former Motorola Israel unit, and will now fully own the company.

Published by Globes [online], Israel business news - www.globes-online.com - on November 17, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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