Windows Phone Thoughts: Motorola Completes Acquisition of Symbol Technologies

"Motorola, Inc. (NYSE: MOT) announced today that it has completed its acquisition of Symbol Technologies, Inc. (NYSE: SBL). The transaction has a total equity value of approximately $3.9 billion on a fully-diluted basis. Symbol will be the core of Motorola’s enterprise mobility business, uniquely positioning the company to take enterprise mobility to a new level. Motorola now will offer the broadest array of innovative products and technologies available that enable enterprise customers to have access to business-critical information anytime, anywhere. As previously announced on September 19, 2006, the two companies signed a definitive merger agreement under which Motorola has now acquired all of the outstanding shares of Symbol common stock. The transaction was completed today following approval of the merger by Symbol shareholders at a special meeting of shareholders. With the closing of the transaction, trading in Symbol common stock was halted at the close of business today. Symbol now becomes a part of Motorola Networks & Enterprise, a business with a combined revenue of $13 billion for 2005."



Back in September, we announced Motorola's intention to acquire Symbol Technologies, and just this week, said acquisition was completed. Existing rugged and enterprise handhelds from both Symbol and Motorola are now under one roof, and the companies are now working together to develop enterprise mobility solutions for the future, promising to deliver innovation unlike anything we've ever seen before. Let's hope so. ;)