Thursday, September 8, 2005

Motorola to Acquire Mitsubishi Electric's European R&D Team

Motorola has acquired from Melco Mobile Communication Europe (MMCE), a subsidiary of Mitsubishi Electric Corporation, a European team of i-mode design employees and a research center in western France. Financial terms of the transaction were not disclosed.

The Rennes facility will become a European i-mode focused development center for Motorola, continuing to operate in its facility in Cesson-Sevigne (Rennes), France. As part of Motorola, the Rennes team will initially address the 2.5G European i-mode market. Motorola also expects the Rennes team to assist in the design and development of upcoming Motorola platforms in the 3G European i-mode markets.