NASDAQ-listed barcode printer marker Zebra Technologies has entered into a definitive agreement to acquire Motorola Solutions' enterprise business for $3.45 billion in an all-cash transaction. Zebra is financing the deal with $200 million of cash and $3.25 billion in debt and the deal is expected to be completed by end of 2014. Interestingly, this debt is almost as much as Zebra itself is worth, as indicated by The Independent. The company had a market cap of $3.43 million at market close day before and had a market cap of $3.22 billion at market close yesterday. What's also noteworthy is Zebra is much smaller than Motorola Solutions itself: it reported annual sales of $1 billion for 2013, while Motorola Solutions reported annual sales of $2.5 billion for the year (excluding the sales of Motorola solutions' iDen products). Both the companies offer barcode scanning and RFID solutions to enterprises allowing them to control inventory in areas like retail, logistics, transportation and manufacturing. Zebra's gain: Zebra Technologies was affected by constant shift in technology – especially by cheap generic printers which allowed easy generation of barcodes. With this acquisition, Zebra Technologies gets Motorola Solutions' mobile computing capabilities to develop enterprise products in the "Internet of Things" segment by combining these capabilities with its barcode and enterprise printing, asset tracking and Internet of Things (IoT) solutions. It's worth noting that Zebra Technologies had acquired Zatar, which works around devices and sensors connected to the Internet last year, following which it had launched a cloud-based Internet of Things platform and had recently expanded…
- Inside an industry body’s alleged draft voluntary code of ethics for online real money gaming companies December 2, 2023
- India’s Consumer Protection Authority Notifies Guidelines For Dark Patterns, What’s New? December 1, 2023
- Tata Consultancy Services to pay $210 million in a trade secret row in the US December 1, 2023
- Indian Government Approves Scheme To Provide Drones To 15,000 Women Self Help Groups December 1, 2023
- Google agrees to pay news publishers in Canada December 1, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...