Zebra Technologies Completes Acquisition of Matrox Imaging

Rhea-AI Summary

Zebra Technologies (NASDAQ: ZBRA) has successfully completed the acquisition of Matrox Imaging, enhancing its capabilities in the automation and vision technology sector. This acquisition follows Zebra's recent expansions, including the purchase of Fetch Robotics and Adaptive Vision, aimed at bolstering its fixed industrial scanning and machine vision portfolio. As a leader in business solutions, Zebra aims to optimize workflows and provide advanced automation tools for its global clientele, which includes a significant share of Fortune 100 companies.

Positive

• Acquisition of Matrox Imaging expands Zebra's automation and vision technology capabilities.
• Follows strategic acquisitions of Fetch Robotics and Adaptive Vision, enhancing overall portfolio.
• Strengthens Zebra's position in the fast-growing automation sector, potentially driving future revenue growth.

Negative

• None.

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the front line of business with solutions and partners that deliver a performance edge, today announced it has completed its acquisition of Matrox Imaging (Matrox Electronic Systems Ltd.), a proven developer of advanced machine vision components, software and systems. This acquisition further expands Zebra’s offerings in the fast-growing automation and vision technology solution space following the launch of its fixed industrial scanning and machine vision portfolio and recent acquisitions of Adaptive Vision and Fetch Robotics.

ABOUT ZEBRA TECHNOLOGIES

Zebra (NASDAQ: ZBRA) empowers organizations to thrive in the on-demand economy by making every front-line worker and asset at the edge visible, connected and fully optimized. With an ecosystem of more than 10,000 partners across more than 100 countries, Zebra serves customers of all sizes – including 94% of the Fortune 100 – with an award-winning portfolio of hardware, software, services and solutions that digitize and automate workflows. Supply chains are more dynamic, customers and patients are better served, and workers are more engaged when they utilize Zebra innovations that help them sense, analyze and act in real time. Zebra recently expanded its industrial automation portfolio with its Fetch Robotics acquisition and increased its machine vision and AI software capabilities with the acquisitions of Adaptive Vision, antuit.ai and Matrox Imaging. Zebra is #25 on Newsweek’s inaugural list of America’s 100 Most Loved Workplaces and #79 on Forbes’ list of America’s 500 Best Midsize Employers. Learn more at www.zebra.com or sign up for news alerts. Follow Zebra’s Your Edge blog, LinkedIn, Twitter and Facebook, and check out our Story Hub: Zebra Perspectives.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005295/en/

Investor Contact:

Mike Steele, CFA, IRC

Zebra Technologies

+1-847-793-6707

msteele@zebra.com

Media Contact:

Therese Van Ryne

Zebra Technologies

+1-847-370-2317

therese.vanryne@zebra.com

Source: Zebra Technologies Corporation

FAQ

What is the significance of Zebra Technologies' acquisition of Matrox Imaging?

The acquisition enhances Zebra's offerings in automation and vision technology, expanding its advanced capabilities in these sectors.

How does the acquisition of Matrox Imaging impact Zebra's market position?

It strengthens Zebra's position in the automation space, allowing for increased competitive advantage and market share.

What previous acquisitions has Zebra Technologies made before acquiring Matrox Imaging?

Prior to Matrox Imaging, Zebra acquired Fetch Robotics and Adaptive Vision, aiming to expand its industrial automation capabilities.

What are the expected benefits of Zebra's acquisition of Matrox Imaging?

The acquisition is expected to enhance product offerings, drive revenue growth, and provide integrated automation solutions to customers.