Motorola Solutions completes Psion acquisition

AP News
Posted: Oct 01, 2012 6:42 AM
Motorola Solutions completes Psion acquisition

SCHAUMBURG, Ill. (AP) — Motorola Solutions, which sells communications equipment to government and corporate customers, has completed its buyout of Psion for about $200 million .

The companies announced the deal in June. Motorola Solutions said at the time that Psion would help to boost its mobile-computing portfolio and deepen its presence in its current global markets.

London-based Psion makes mobile computing products for industrial markets, and has customers in more than 50 countries. The company's stock will be delisted from the London Stock Exchange.

Motorola Solutions Inc., which is based in Schaumburg, Ill., said Monday that it expects the transaction to add to its adjusted earnings per share in 2013.

Its shares finished at $50.55 on Friday. They are near its 52-week high of $52.78 set in early March. Its shares traded as low as $39.62 last October/