Motorola is to acquire leading point-of-sale and short-range wireless infrastructure company Symbol Technologies for around $3.9bn (£2.1bn).
Symbol solutions are amongst the most widely used systems in the retail space for point-of-sale, and the company has expanded to become a leading player in the radio frequency identification (RFID) space. The company is also well known for its rugged wireless mobile devices.
Motorola chief executive officer Ed Zander said, “This transaction significantly advances Motorola’s enterprise mobility strategy and is consistent with our focus on building on our already strong intellectual property portfolio.”
Richard Webb, an analyst at Infonetics Research, said, “This acquisition will give Motorola a great deal of leverage in the burgeoning enterprise wireless market, and particularly in retail, manufacturing, and logistics verticals, all of which have been traditional strongholds of Symbol over the years, based on their strength in data scanning and mobile computing.”
Upon completion of the transaction, Symbol will become a wholly owned subsidiary of Motorola and will be the cornerstone of Motorola’s Networks and Enterprise business, said Motorola.
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