Transportation Industry
Motorola to Buy Handheld Maker Symbol Technologies for $3.9 Billion
Transport Topics, October, 2006 by Anonymous
CHICAGO - Motorola Inc. said it will acquire Symbol Technologies for about $3.9 billion in a deal that expands the world's second-largest cell phone maker's presence in the market for businessoriented mobile devices.
The deal for Symbol, which makes customized hanheld computers and portable bar-code scanners, is expected to close in late 2006 or early 2007, pending regulator clearance and approval by Symbol shareholders, company officials said Sept. 19.
Symbol also produces mobile devices for rugged business environments, as well as equipment based on the emerging wireless technology known as RFID, or radio frequency identification, which is used for inventory tracking and other purposes.
Motorola intends for Symbol to become the "cornerstone" of the company's...
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