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Psion to become part of Motorola Solutions

Motorola Solutions has agreed to acquire mobile computing business Psion plc in a deal worth $200 million (£128 million). It’ll then combine Psion with its Enterprise Mobile Computing business

Psion was formed in 1980, becoming a pioneer of mobile computing products including the ‘Psion Organiser’. It’s also responsible for the EPOC operating system, which later turned into the Symbian OS. The company reorganised in 2000, focussing on business customers rather than consumers.

Greg Brown, chairman and CEO of Motorola Solutions, said “Psion is a compelling opportunity to strengthen our industry-leading, mobile-computing portfolio with ruggedized handheld products and vehicle-mount terminals that will deepen our presence in the global markets in which we compete.”

The deal is expected to be completed later this year. Psion shareholders are being offered 88p for each Psion share, which is around 45% above yesterday’s share price.

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Author: The Fonecast
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