Zebra Technologies Corporation has completed the acquisition of Motorola Solutions' Enterprise business for US$3.45 billion in cash. The transaction was funded with US$200 million of cash on hand and US$3.25 billion in new debt.
The transaction significantly expands and strengthens Zebra’s product portfolio, geographic reach, go-to-market channels and industries served. Motorola Solutions will also be exclusively focused on making its public safety and commercial customers’ operations more efficient by providing innovative communications, data and information solutions.
Motorola Solutions chairman and CEO, Greg Brown, said: “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. ”
As part of the sale, approximately 4,500 Motorola Solutions employees from locations throughout the world will transfer to Zebra.
Anders Gustafsson, Zebra's chief executive offer, said that the acquisition "creates one company with unparalleled capabilities and leading global brands" in the industry and that together, both could "provide the building blocks of Internet of things solutions, as customers worldwide increasingly take advantage of data analytics and mobility to improve business performance."