Zebra Technologies has announced the completion of acquisition of Motorola Solutions’ Enterprise business for $3.45 billion cash. The transaction was funded with $200 million of cash on hand and $3.25 billion in new debt. As part of the acquisition around 4,500 Motorola Solutions employees from locations throughout the world will transfer to Zebra.
Speaking about the acquisition, Anders Gustafsson, CEO, Zebra Technologies said, “This transformative acquisition creates one company with unparalleled capabilities and leading global brands in our industry. 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. Our efforts are supported by superior global go-to-market channels and the most talented people in the industry. 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.”
On the other hand, Greg Brown, Motorola Solutions chairman and CEO stated, “With the successful close of this transaction, Motorola Solutions is now singularly focused on the very core that our company was founded and built upon – a business that continues to help build safer cities and thriving businesses around the world through innovative mission-critical communications solutions. Motorola Solutions is well-positioned for growth and success, building on our industry leadership, unrivaled brand, product development and customer relationships.”
This acquisition will strengthens Zebra’s product portfolio, geographic reach, go-to-market channels and industries served. The combined organization has about 20,000 channel partners in more than 100 countries, and approximately 4,300 U.S. and international patents issued and pending.