U.K.: OFT report on Motorola Solutions acquisition of Psion plc

Motorola Solutions, Inc. (MSI) a global supplier of government, public safety and enterprise communications products and services, have made a cash offer to purchase Psion plc, an active supplier of ‘rugged’ mobile computer devices to enterprise customers. According to the OFT report, on 15 June 2012 MSI and Psion agreed the terms of the offer, for a consideration of approximately £129.3 million. The report shows the OFT’s evaluation of the transaction on the market for rugged mobile computers. The OFT does not believe that the merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. The transaction was also notified in Germany, Portugal and Canada and has received clearance from their authorities. The final decision by the OFT is that the merger will not be referred to the Competition Commission under section 33(1) of the Act.

Full Content: OFT News

Related Content: The Complex Regulatory Environment in the Communications Sector

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