The takeover by Motorola Solutions of Edinburgh firm IndigoVision has been finalised with the CCTV firm's shares being cancelled on the London Stock Exchange today.
The US technology giant agreed in March to pay just over £30 million for the business, which was founded in 1994 by Oliver Vellacott and listed on the Alternative Investment Market (AIM) in 2003
In a statement to the stock market, IndigoVision said: "The boards of IndigoVision and Bidco are pleased to announce that, further to the announcement dated 12 June 2020 that the Court had sanctioned the Scheme, a certified copy of the Court Order has been delivered to the Registrar of Companies and accordingly, the Scheme has become fully effective in accordance with its terms. IndigoVision is now a wholly owned subsidiary of Bidco."
IndigoVision investors are to receive 405 pence for each of their shares. The firm, which makes video security systems for customers incuding BMW and Ikea, itself took over Portuguese software firm Agorasys in November 2019.
