Motorola Solutions to Acquire U.K. Mobile-Device Producer Psion

Motorola Solutions Inc., a U.S. maker of walkie-talkies and radio-tracking chips, agreed to buy Psion Plc for 123.9 million pounds ($193 million) to expand in heavy-duty mobile computing devices.

Motorola Solutions is making an all-cash offer of 88 pence a share, or 45 percent more than Psion’s closing price yesterday, the Schaumburg, Illinois-based manufacturer said today in a statement. The takeover will help earnings in the first year after completion, Motorola Solutions said.