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Zebra Closes Buy of Motorola Solutions' Enterprise Business
Zebra Technologies Corporation and Motorola Solutions, Inc. announced that Zebra has completed the acquisition of Motorola Solutions’ Enterprise business for $3.45 billion; funded with $200 million of cash on hand and $3.25 billion in debt.
October 27, 2014
1 Min Read
By Claire Cleveland
**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in Q3 2014.**
Zebra Technologies has wrapped its $3.45 billion purchase of Motorola Solutions’ enterprise business.
“This transformative acquisition creates one company with unparalleled capabilities and leading global brands in our industry,” said Anders Gustafsson, Zebra’s chief executive officer. “Our scope and scale make us a more strategic business partner to our customers. We are well positioned to serve our businesses with solutions and services that help them achieve greater visibility for better enterprise asset intelligence. …Together, we can provide the building blocks of Internet of Things solutions, as customers worldwide increasingly take advantage of data analytics and mobility to improve business performance.”
Approximately 4,500 Motorola Solutions employees from locations throughout the world will transfer to Zebra. The sale includes Motorola Solutions’ wireless local area network (WLAN), Rhomobile and MESH businesses.
Zebra says the acquisition will give its shareholders and customers:
data capture, mobile computing, specialty printing and asset tracking solutions and services.
a stronger combined platform with multiple growth opportunities;
a new and comprehensive product, technology and IP portfolio;
end-to-end solutions across key industries with global reach
a highly diversified business mix;
synergies, by maximizing efficiencies and scale; and
attractive growth and a free cash flow profile.
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