Motorola Solutions Sells Enterprise Business to Zebra for $3.45B
Zebra Technologies is a provider of barcode and enterprise printing, asset tracking, Internet of Things (IoT) solutions, and motion and location sensing.
The combined Zebra Technologies with Motorola’s Enterprise business would have had pro-forma sales in 2013 of approximately $3.5 billion.
With the sale, Motorola will transfer approximately 4,500 employees to Zebra upon completion of the transaction.
Motorola said it will retain its iDEN product portfolio that was part of its Enterprise business and will continue its Government business, including its professional commercial radio product portfolio.
Motorola said the sale will allow it to better focus on providing mission-critical communications for government and first responders.
Greg Brown, Motorola Solutions chairman and CEO, called Motorola's enterprise business a "perfect fit" for Zebra.
“This transaction will enable us to further sharpen our strategic focus on providing mission-critical solutions for our government and public safety customers," Brown said in a statement.
Shares of both companies were down in early trading Tuesday. Motorola Solutions was down a half a percent to $63.47, while Zebra was down nearly 1 percent to $67.67.