Zebra to Acquire Motorola Solutions for $3.45B
Zebra Technologies Corporation and Motorola Solutions, Inc. announce that they have entered into a definitive agreement in which Zebra will acquire Motorola’s Enterprise business for $3.45 billion in an all-cash transaction. The acquisition will be funded through a combination of cash on hand and new debt. The transaction, which was approved by the Boards of Directors of both companies, is subject to customary closing conditions including regulatory approvals. The transaction is expected to be completed by the end of 2014.
Anders Gustafsson, Zebra’s chief executive officer believes that the acquisition will transform Zebra into a leading provider of solutions that deliver greater intelligence and insights into its customers' enterprises and extended value chains. The Enterprise business will generate significant value for shareholders by driving further product innovation and deeper engagement with customers and partners. Gustafsson says that it positions Zebra as a leading technology innovator, with the accelerating convergence of mobility, data analytics and cloud computing.
With 2013 pro-forma sales of approximately $2.5 billion (excluding sales of its iDEN products), Motorola’s Enterprise business is focused in mobile computing and advanced data capture communications technologies and services. Through this transaction, Zebra will enter the segment where Motorola’s Enterprise business competes and strengthen its position in key industries including Retail, Transportation & Logistics, and Manufacturing and serve approximately 95 percent of the Fortune 500.
Zebra Technologies, with 2013 sales of $1.0 billion, is known for barcode and enterprise printing, asset tracking, Internet of Things (IoT) solutions, and motion and location sensing. The combination of these technology offerings and asset tracking solutions, together with Motorola’s Enterprise business, is expected to create an industry leader in enterprise asset intelligence for the Connected Age.
The combined Zebra Technologies with Motorola’s Enterprise business would have had pro-forma sales in 2013 of approximately $3.5 billion. Approximately 4,500 employees are expected to join Zebra upon completing this transaction. Motorola Solutions will retain its iDEN product portfolio that was part of its Enterprise business and will continue its Government business, including its professional commercial radio product portfolio.
Motorola Solutions will continue to manufacture, design, integrate and deliver voice and data communication solutions for government and public safety customers worldwide.
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Anders Gustafsson, Zebra’s chief executive officer believes that the acquisition will transform Zebra into a leading provider of solutions that deliver greater intelligence and insights into its customers' enterprises and extended value chains. The Enterprise business will generate significant value for shareholders by driving further product innovation and deeper engagement with customers and partners. Gustafsson says that it positions Zebra as a leading technology innovator, with the accelerating convergence of mobility, data analytics and cloud computing.
With 2013 pro-forma sales of approximately $2.5 billion (excluding sales of its iDEN products), Motorola’s Enterprise business is focused in mobile computing and advanced data capture communications technologies and services. Through this transaction, Zebra will enter the segment where Motorola’s Enterprise business competes and strengthen its position in key industries including Retail, Transportation & Logistics, and Manufacturing and serve approximately 95 percent of the Fortune 500.
Zebra Technologies, with 2013 sales of $1.0 billion, is known for barcode and enterprise printing, asset tracking, Internet of Things (IoT) solutions, and motion and location sensing. The combination of these technology offerings and asset tracking solutions, together with Motorola’s Enterprise business, is expected to create an industry leader in enterprise asset intelligence for the Connected Age.
The combined Zebra Technologies with Motorola’s Enterprise business would have had pro-forma sales in 2013 of approximately $3.5 billion. Approximately 4,500 employees are expected to join Zebra upon completing this transaction. Motorola Solutions will retain its iDEN product portfolio that was part of its Enterprise business and will continue its Government business, including its professional commercial radio product portfolio.
Motorola Solutions will continue to manufacture, design, integrate and deliver voice and data communication solutions for government and public safety customers worldwide.
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