Former personal organiser guru Psion has been swallowed up by Motorola Solutions for £129m, or around 88p per share by way of a recommended cash offer, effectively bringing to an end a 32 year industry pedigree.
UK-based Psion was founded in 1980 as a software house, but later helped pioneer the mobile computing concept and the PDA form factor with its Organiser lines, considered revolutionary in their day.
It ditched its consumer devices shortly after acquiring Canadian TekLogic at the turn of the century, and since then has concentrated on the rugged device market, which has long been one of Motorola's turn-ons.
Motorola Solutions chairman and CEO said Psion was a "compelling opportunity" for Motorola to beef up its mobile computing and rugged capabilities and would "deepen our presence in global markets."
Psion chairman Jim Hawkins added: "Psion continues to deliver on its strategy of introducing exciting new products while strictly managing the cost base."
He claimed the sale of the firm would offer stability to Psion's shareholders "in an environment where certainty is in short supply."
On closure, subject to the usual caveats, Psion will become part of Motorola's Enterprise Mobile Computing business, reporting to corporate VP Girish Rishi.