"We wanted to strengthen our core business -- they help us do that," said Girish Rishi, general manager of Motorola Solutions' Mobile Computing Division, pointing to the company's inventory management products. "They have rugged devices that go into harsh environments - we will see that in distribution centers, warehousing [and] logistic centers."
Motorola Solutions' SB1 Smart Badge
The executive, who was speaking at a Motorola retail technology event on Wednesday, told TheStreet that Psion devices are designed to reach into a number of industry sectors. "Across the industrial arena, we will see them being used," he said, citing the textile and automotive industries as examples.
Motorola announced its $200 million cash acquisition of Psion last week, highlighting the British firm's expertise in rugged handheld devices and vehicle terminals.Psion first came to prominence in 1980s Britain with its eponymous electronic Organiser, dubbed "the world's first practical pocket computer." The London-based firm's EPOC operating system was also the precursor to the Symbian mobile OS. With customers in more than 50 countries, Psion should help Motorola expand its channel presence, particularly in international markets, according to Rishi. The Motorola executive, however, said that the company has yet to decide whether to keep the Psion brand. "In the coming months, we will have a joint team that will work through integration," he said. "We will do a study and explore the marketplace to make a determination on whether the Psion brand is maintained." The Psion acquisition is expected to close in the fourth quarter of 2012 with the operations becoming part of Motorola Solutions' Enterprise Mobile Computing (EMC) business, reporting to Rishi. Motorola Solutions expects the deal to be accretive to its earnings per share on a non-U.S. GAAP basis in the first full year following completion of the acquisition, and on a U.S. GAAP basis in the second full year.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV