Motorola Solutions Completes Acquisition of Psion PLC

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Motorola Solutions today announced that the company’s offer to acquire Psion PLC for approximately $200 million in cash has been declared wholly unconditional and has closed. Holders of Psion shares who have not accepted the offer but wish to do so are encouraged to accept at this time pursuant to the terms of the offer, which will remain open until further notice.
Greg Brown, chairman and chief executive officer of Motorola Solutions, said: “We are pleased to announce the completion of our acquisition of Psion, which expands our core Enterprise Mobile Computing business. Psion bolsters our strategic position in important industrial segments such as manufacturing and transportation and logistics, increases our cross-selling opportunities and expands our global enterprise solutions portfolio.

Motorola Solutions, is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter.