July 28, 2004
Symbol Technologies Buys Matrics for $230 Million
Two of the biggest names in RFID hardware production have become one with Symbol Technologies' purchase of Matrics.
According to CNET News.com:
Through the acquisition, Symbol significantly adds to the array of products it will bring to the burgeoning market by augmenting its existing line of handheld radio tag scanners with Matrics' fixed-location readers and RFID chips, along with the devices' underlying software. According to Symbol executives, the buyout of Rockville, Md.-based Matrics was meant to give the company the ability to offer a comprehensive RFID package.
Read more: Symbol buys RFID rival Matrics
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