MOTOROLA ACQUIRES PSION IN CASH OFFER

MOTOROLA ACQUIRES PSION IN CASH OFFER

On June 15, 2012 Motorola announced that it recently acquired Psion Plc. in a cash offer which will be fully completed during the fourth quarter of 2012. Under these new terms, Psion will join the Motorola Solutions portfolio as part of their mobile computing products, services and solutions.

Until the agreement is completed, Motorola and Psion will continue to operate as two separate companies, and once Psion has fully joined Motorola, every effort to maintain its “core DNA” will be made.

Psion is a ruggedized mobile computing products company headquartered in London. They have been a leader in mobile computing since 1980.

Motorola Solutions is a mobile computing and wireless solutions company and a pioneer in enterprise mobility.

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