Zebra acquires Motorola's enterprise business
16 April 2014 |
Zebra Technologies has entered into an agreement to acquire Motorola's enterprise business for $3.6 billion.
The acquisition is said to strengthen Zebra’s position in the M2M space, bringing together its technology offerings and asset tracking solutions with Motorola’s enterprise business’s product, technology and IP portfolio.
Upon completion, approximately 4,500 employees are expected to join Zebra. Motorola Solutions, however, will retain its iDEN product portfolio that formed part of its Enterprise business and will also continue its government business, which includes its professional commercial radio product portfolio.
The combined company is thought to have approximately 20,000 channel partners in more than 100 countries, and a portfolio of intellectual property that includes approximately 4,500 US and international patents issued and pending.
“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. Upon closing of the transaction, we intend to return the proceeds to our shareholders in a timely fashion.”
The deal is subject to closing conditions and regulatory approvals, but is expected to close by the end of the year.
5h | Natalie Bannerman
6h | James Pearce
6h | Jason McGee-Abe
6h | Natalie Bannerman