Saturday 22nd Oct 2016 - Logistics Manager

Motorola to buy Symbol for £2.1bn

Motorola is set to buy Symbol Technologies for around £2.1bn.

Motorola has agreed to acquire all of the outstanding shares of Symbol for $15 per share in cash.

Symbol will become a wholly owned subsidiary of Motorola, who hopes to expand it’s existing enterprise mobility systems. These software tools help increase workforce productivity, customer service and enhance operational efficiencies.

Ed Zander, chief executive officer of Motorola, said: “Everything is going digital, and everything digital is going mobile, this is especially evident in the way businesses are run today. 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.”