Updated, 7:12 a.m. |
The Zebra Technologies Corporation agreed on Tuesday to buy Motorola Solutions’ enterprise business for $3.5 billion.
Under the terms of the deal, Zebra, whose technology helps companies to track products in the supply chain, will buy the Motorola Solutions unit that manufacturers everything from bar code scanners to two-way radios.
The deal will allow Zebra to expand its global presence, as more companies - from Amazon to General Electric - look to gain greater real-time information about how their products are shipped and bought around the world.
“This acquisition will transform Zebra into a leading provider of solutions that deliver greater intelligence and insights into our customers’ enterprises and extended value chains,†Anders Gustafsson, Zebra’s chief executive, said in a statement on Tuesday.
The Zebra Technologies and Motorola Solutions enterprise business combined would have had revenue of about $3.5 billion in 2013. About 4,500 employees are expected to join Zebra after the deal is completed. Motorola Solutions said it would keep its iDEN product line, which was part of its enterprise business, and would continue its government business.
Morgan Stanley advised Zebra on the deal, while Goldman Sachs and JPMorgan Chase advised Motorola Solutions.
