Zebra Technologies Corporation has completed the acquisition of Motorola Solutions' Enterprise business for $3.45 billion in cash. The transaction was funded with $200 million of cash on hand and $3.25 billion in new debt.
"Our scope and scale make us a more strategic business partner to our customers,” said Anders Gustafsson, Zebra's chief executive officer. “Together, we can provide the building blocks of Internet of Things solutions, as customers worldwide increasingly take advantage of data analytics and mobility to improve business performance."
As part of the sale, approximately 4,500 Motorola Solutions employees from locations throughout the world will transfer to Zebra. The combined organization has about 20,000 channel partners in more than 100 countries, and represents approximately 4,300 U.S. and international patents issued and pending.