PSC Inc. was a manufacturer of portable data terminals,

mobile data terminal A mobile data terminal (MDT) or mobile digital computer (MDC) is a computerized device used in emergency services, public transport, taxicabs, package delivery, roadside assistance, and logistics, among other fields, to communicate with a centra ...

s, wireless terminals,

barcode reader A barcode reader or barcode scanner is an optical scanner that can read printed barcodes and send the data they contain to computer. Like a flatbed scanner, it consists of a light source, a lens, and a light sensor for translating optical impul ...

s, linear barcode verifiers, and RFID readers. It was founded in 1969 by John E. Blackert (

Xerox Xerox Holdings Corporation (, ) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduc ...

) and Lawrence P. Albertson (

Kodak The Eastman Kodak Company, referred to simply as Kodak (), is an American public company that produces various products related to its historic basis in film photography. The company is headquartered in Rochester, New York, and is incorporated i ...

) as Photographic Sciences Corporation in

Webster, New York Webster is a Administrative divisions of New York#Town, town in the northeastern corner of Monroe County, New York, United States. The town is named after orator and statesman Daniel Webster. The population was 45,327 at the 2020 census, up from ...

(a suburb of Rochester).

History

In 1996, PSC acquired Spectra-Physics Scanning Systems, Inc., and also acquired Percon Inc., a manufacturer of portable data terminals. In 2002, PSC went through bankruptcy reorganization. Littlejohn & Co., a private equity firm, purchased all of the company's

senior Senior (shortened as Sr.) means "the elder" in Latin and is often used as a suffix for the elder of two or more people in the same family with the same given name, usually a parent or grandparent. It may also refer to: * Senior (name), a surname ...

and

subordinated debt In finance, subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts if a company falls into liquidation or bankruptcy. Such debt is referred to as 'subord ...

of $124 million. During the reorganization PSC spun off its software division, IntelliTrack to private investors.

Acquisition by Datalogic

On October 24, 2005, Datalogic announced News - Article - Datalogic S.P.A. (Star: Dal.Mi) Agrees To Acquire The American Company Psc Inc. And Calls The Shareholders' Meeting To Approve A Capital Increase
/ref> that it had signed a binding contract for the

takeover In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the acquisi ...

of the entire

capital stock In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, ...

of PSC Inc. The agreed price was set at approximately $195 Million. Datalogic retired the PSC brand name on April 2, 2007. The PSC legacy was catered to in the new corporate logo of Datalogic by adding a star representing PSC. Datalogic decided to retain some of the PSC product brand names including Magellan, Duet, Falcon, PowerScan, and QuickScan.

References

External links

Datalogic Group

{{US-manufacturing-company-stub Defunct computer companies of the United States Defunct computer hardware companies Radio-frequency identification