Posted on 30-Jun-2005 09:23.
Filed under: News
Motorola, Inc. has announced that it is acquiring key assets from British mobile handset maker Sendo Ltd. The company is is purchasing Sendo’s UK- and Singapore-based research and development team and design and test equipment required by that team, as well as the company's intellectual property portfolio.
Sendo’s core research and development team comprises approximately 200 engineers – with nearly 170 of those based in Birmingham, UK, and the rest based in Singapore. Motorola will integrate the engineers into its Mobile Devices business while preserving the team's focus on designing solutions that enable wireless operators to deliver value-added services to consumers. In addition to the engineers, with today's transaction Motorola is acquiring the team's design and test equipment and will acquire Sendo’s entire intellectual property portfolio – including 50 existing and 40 pending patents.
Founded by CEO Hugh Brogan in 2000, Sendo Telecommunications Ltd. designed and delivered low-cost, highly customized mobile handsets for wireless operators. Some models were "feature phones" while the top line was based on the Series 60 interface, licenced from Nokia and based on the Symbian OS for smartphones.
During 2004, the company sold approximately 5 million handsets and had more than $420 million in revenue. On 29 June 2005, the privately held company went into administration due to financial pressures.
Under the agreement, Motorola is not acquiring the larger business of Sendo Ltd. or any of its manufacturing or supply relationships, or any of its capital or real assets, handset inventories, sales offices, liabilities or financial obligations. Financial details of the transaction were not disclosed.