Feeds

Moto buys Symbol Tech

Beep beep beep - $4bn please

Choosing a cloud hosting partner with confidence

Motorola is acquiring industrial mobile-device specialist Symbol in a cash deal worth almost $4bn.

Symbol launched in 1975 and thanks to its low-cost handheld scanners, rode the introduction of barcodes. It subsequently invested heavily in making the scanners wireless, with recent growth coming from RFID readers and infrastructure. A natural fit for Motorola, then, with the latter's existing customer base in transportation and the public sector.

Symbol also has a patent portfolio of over 900 grants, which Motorola CEO Ed 'Zndr' Zander said was a factor in the acquisition.

Moto will pay $15 per share, a 33 cent premium over Monday's trading price, and expects the deal to close late this year or early in the New Year.

Last year, Symbol turned over $1.7bn in revenue and instituted a cost-cutting program. Its most recent quarter saw it return to the black, with net income of $27.2m on revenue of $435m. ®

Internet Security Threat Report 2014

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Tim Cook: The classic iPod HAD to DIE, and this is WHY
Apple, er, couldn’t get the parts for HDD models
Apple spent just ONE DOLLAR beefing up the latest iPad Air 2
New iPads look a lot like the old one. There's a reason for that
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Caterham Seven 160 review: The Raspberry Pi of motoring
Back to driving's basics with a joyously legal high
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.