Zebra Tech Buys Motorola Enterprise for $3.45B

Weeks after Lenovo bought Motorola MobilityEUs assets from Google for $2.91 billion, Zebra Technologies is throwing down $3.45 billion for MotorolaEUs Enterprise business in an all-cash deal. The ink is expected to dry on the transaction by the end of 2014.

What is Zebra Tech, a recognized name in barcode and enterprise printing, asset tracking, Internet of Things (IoT) solutions, and motion and location sensing, actually getting? Plenty.

MotorolaEUs Enterprise business is a leading brand in mobile computer and advanced data capture communications technologies and services. The unit raked in about $2.5 billion in sales, excluding sales of iDEN products, in 2013. Motorola is keeping the iDEN business.

"Our Enterprise business is an ideal fit for Zebra," said Greg Brown, Motorola Solutions chairman and CEO. "This transaction will enable us to further sharpen our strategic focus on providing mission-critical solutions for our government and public safety customers.EU

Zebra Bets Big on Tech

Through this acquisition, Zebra enters a segment where Motorola is a strong competitor while also strengthening its position in industries like retail, transportation and logistics and manufacturing. MotorolaEUs Enterprise business serves about 95% of the Fortune 500.

"This acquisition will transform Zebra into a leading provider of solutions that deliver greater intelligence and insights into our customers' enterprises and extended value chains," said Anders Gustafsson, ZebraEUs CEO.

"The Enterprise business will generate significant value for our shareholders by driving further product innovation and deeper engagement with our customers and partners. It positions Zebra as a leading technology innovator, with the accelerating convergence of mobility, data analytics and cloud computing."

For its part, Zebra posted sales totaling $1 billion in 2013. The company is betting the combination of its existing technology offerings and asset tracking solutions, together with MotorolaEUs Enterprise business, will create an industry leader in enterprise asset intelligence for the Connected Age. Zebra...

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