Motorola Solutions will sell its Enterprise business for $3.45 billion to Zebra Technology in an all-cash transaction.
Zebra Technologies, with 2013 sales of $1.0 billion, specializes in barcode and enterprise printing, asset tracking, Internet of Things (IoT) solutions, and motion and location sensing. The company is based in Lincolnshire, Illinois.
Motorola’s Enterprise business generated 2013 pro-forma sales of approximately $2.5 billion (excluding sales of its iDEN products). The business unit supplies mobile computing and advanced data capture communications technologies and services.
After the sale, Motorola Solutions will continue to manufacture, design, integrate and deliver voice and data communication solutions for government and public safety customers worldwide.
“Our Enterprise business is an ideal fit for Zebra,” stated Greg Brown, Motorola Solutions chairman and CEO. “This transaction will enable us to further sharpen our strategic focus on providing mission-critical solutions for our government and public safety customers. Upon closing of the transaction, we intend to return the proceeds to our shareholders in a timely fashion.”