Motorola Pays $3.9 Billion for Symbol
2 Comments
In its biggest acquisition since 2000, Motorola on Tuesday announced plans to acquire Symbol Technologies for $3.9 billion. The deal will bolster Motorola's sale of wireless handheld devices to enterprises, as well as its position in the RFID market.
Symbol is most known for its barcode scanners, which are used in supermarkets, and its rugged mobile computers. Motorola expects the deal to double its reach in retail, transportation and health-care markets, although some analysts are concerned it may distract the company in the process. Company CEO Ed Zander said Motorola was looking at Symbol "for some time."