Motorola Solutions (MSI +1.3%) is acquiring British industrial handheld computer maker Psion for...

|About: Motorola Solutions, Inc. (MSI)|By:, SA News Editor

Motorola Solutions (MSI +1.3%) is acquiring British industrial handheld computer maker Psion for £0.88/share ($1.36), or $200M, in cash. The price represents a 45% premium to Psion's Thursday close on the London exchange. Psion, which posted 2011 revenue of $273M, will bolster Motorola's existing handheld offerings for enterprise and government customers. Its age-old EPOC mobile OS helped give birth to Symbian.