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Hytera Communications gets approval to sell some assets to affiliate
By Sarah Lizee
Olympia, Wash., Feb. 1 – Hytera Communications America (West), Inc. secured court approval to sell some of its assets to indirect affiliate and stalking horse bidder Hytera US Inc. for roughly $7.9 million, according to an order filed Friday with the U.S. Bankruptcy Court for the Central District of California.
When the transaction closes, the debtors will set aside 25% of the sale proceeds, which the debtors will not use without written consent from Motorola Solutions, Inc. or court authorization.
As previously reported, Hytera said it has been “in extensive litigation with Motorola concerning the administration of these Chapter 11 cases and the sale of the debtors’ assets.”
Hytera is an Irvine, Calif.-based communications company. The company filed bankruptcy on May 26, 2020 under Chapter 11 case number 20-11507.
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