Motorola acquires Symbol for $3.9 billion

Mobile phone giant spends billions buying Symbol to boost its vertical presence

Motorola is the latest company to loosen its purse strings by shelling out $3.9 billion for barcode whiz Symbol Technologies.

As yet it is unclear just how much impact this acquisition will have on market dynamics, particularly on Symbol's competitors like arch rival Psion.

The mobile phone giant today announced the move, which should cement its market leadership by bolstering its enterprise mobility capabilities in addition to opening up a wider pool of partners and customers, particularly in vertical sectors.

The company hopes to close the deal by early next year, after which Symbol will become a core part of Motorola's Networks and Enterprise business.

"Motorola and Symbol share the same vision of a digital, mobile world for enterprises that matches the world people enjoy at home and at play," said Motorola chairman and chief executive, Ed Zander.

"Everything is going digital, and everything digital is going mobile - this is especially evident in the way businesses are run today."

Marco Landi, senior director for Symbol EMEA described the merger as a 'natural fit' for both companies.

He said: "Combining Symbol's developments in rugged mobile devices with Motorola's innovative enterprise mobile technology will create an enhanced range of devices for the ever growing number of businesses with a workforce that needs to be on the move.

Featured Resources

Shining light on new 'cool' cloud technologies and their drawbacks

IONOS Cloud Up! Summit, Cloud Technology Session with Russell Barley

Watch now

Build mobile and web apps faster

Three proven tips to accelerate modern app development

Free download

Reduce the carbon footprint of IT operations up to 88%

A carbon reduction opportunity

Free Download

Comparing serverless and server-based technologies

Determining the total cost of ownership

Free download

Most Popular

What should you really be asking about your remote access software?

What should you really be asking about your remote access software?

17 Nov 2021
Jack Dorsey resigns as Twitter CEO
business management

Jack Dorsey resigns as Twitter CEO

29 Nov 2021
Nike to take customers into the metaverse with 'NIKELAND'

Nike to take customers into the metaverse with 'NIKELAND'

19 Nov 2021