In its blog, Google has announced today that it has officially acquired Motorola Mobility.

Google first announced its plans to acquire the company back in August 2011 and although regulators in the U.S. and the European Union approved the acquisition in February 2012, both companies were forced to wait for China’s response, that over the weekend finally approved the deal.

Google CEO, Larry Page writes that “Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone.”

As part of the acquisition Page accredits former CEO of Motorola Mobility Sanjay Jha for building the company and “placing the big bet”on Android, who has now stepped down. Jha’s position as CEO will now be filled by former President of Google’s Americas region, Dennis Woodside.

Page writes, “I’ve known Dennis for nearly a decade, and he’s been phenomenal at building teams and delivering on some of Google’s biggest bets. One of his first jobs at Google was to put on his backpack and build our businesses across the Middle East, Africa, Eastern Europe and Russia. More recently he helped increase our revenue in the U.S. from $10.8 billion to $17.5 billion in under three years as President of the Americas region. Dennis has always been a committed partner to our customers and I know he will be an outstanding leader of Motorola.”

The blog concludes with a reference to the importance and impact of smartphones and the creation of “the next generation of mobile devices” under the ownership of Google, likely providing some insight into the reasoning behind Google’s purchase of the company.