Zebra Technologies Acquires Matrox Imaging
is the headline of the news that the author of WTM News has collected this article. Stay tuned to WTM News to stay up to date with the latest news on this topic. We ask you to follow us on social networks.
In the pharmaceutical sector, 96% of decision-makers agree that supply chain visibility provides a clear competitive advantage, while 93% in the food sector plan to increase their investments in food monitoring technology in the coming years.
Building on this, Zebra Technologies Corporation has announced its intention to acquire Matrox Imaging to expand its offering in the rapidly growing vision and automation technology solutions space.
“This acquisition allows us to meet the changing needs of our customers, regardless of where they are in their automation journey: from data capture and analysis to the implementation of physical automation solutions.“, explains Anders Gustafsson, CEO of Zebra Technologies.
Zebra acquires Matrox Imaging
Acquisition of Matrox Imaging expands the portfolio of machine vision products, software and services Zebra can offer its customers to help them thrive in an on-demand economy constrained by labor shortages and limited supply of goods and materials .
Matrox Imaging solutions complement Zebra’s recently launched fixed industrial scanning and machine vision product portfolio and significantly augment Zebra’s growing expertise in software, machine learning and deep learning.
Zebra Technologies Expands Its Portfolio of Machine Vision Solutions with the Acquisition of Matrox Imaging
“Combining Matrox Imaging’s technical expertise with Zebra Technologies’ global footprint is an opportunity for us to accelerate our long-term strategic plan“, says Lorne Trottier, president and co-founder of Matrox.
financing round
Zebra expects to finance the $875 million purchase price with a combination of cash on hand along with fully committed financing under its credit facility.
The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in 2022. Matrox Imaging generates annual sales of approximately $100 million with a higher profit margin profile than Matrox Imaging. Zebras.
Osler, Hoskin & Harcourt LLP is acting as legal advisor and UBS Investment Bank is acting as financial advisor to Zebra. Stikeman Elliott LLP is acting as legal advisor and Evercore as financial advisor to Matrox Imaging.
