Motorola gets their hands on Psion for $ 200 million

by bold-lichterman

Motorola Solutions recently announced that it had acquired the British company Psion, specializing in mobile terminals for professionals, for $ 200M.

Motorola gets their hands on Psion for 200 millionQuoted on Clubic, Greg Brown, CEO of Motorola Solutions welcomes this transaction and explains that: “ Psion is an opportunity to strengthen ourselves in our industrial sector. This acquisition also allows us to expand our portfolio of mobile solutions for professionals with devices fitted with hardened shells and on-board terminals in vehicles. We will now be more present in the global market in which we are currently fighting “.

The transaction will be finalized during the last quarter of the year, at a capital gain of 45% per share. Psion, a pioneer in the creation of Netbooks, will be integrated into Motorola’s Enterprise Mobile Computing branch.