wordpress blog stats
Connect with us

Hi, what are you looking for?

Zebra Technologies to buy Motorola’s enterprise biz for $3.45 Bn

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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

News

According to a statement, the executive body of the European Union had also sought internal documents on the risk assessments and mitigation measures for...

News

The newly launched partially open-sourced LLM Grok-1 can be commercially used but not trademarked.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

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...

News

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?...

You May Also Like

News

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...

Advert

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...

News

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ