Zebra Technologies completes $90M acquisition of Xplore Technologies.
Byline: Business Wire
Zebra Technologies Corp. in Lincolnshire said it completed its acquisition of Xplore Technologies Corp., a developer of semi-, fully- and ultra-rugged tablets, 2-in-1 laptops and a range of performance matched accessories.
The tender offer for all outstanding shares of common stock of Austin, Texas-based Xplore at a price of $6 per share.
The buyout will be accomplished through a public tender offer. The total cost (including assumed indebtedness), is about $90 million.
Xplore's offerings complement Zebra's industry-leading enterprise mobile computing, data capture, and printing portfolios, which will now serve a wider range of enterprise customers and accelerate growth, Zebra officials said.
The buyout of Xplore Technologies will add rugged tablet portfolio to Zebra Technologies' portfolio and add more zeal to the company's existing data capture, mobile computing, and printing businesses. Also, the buyout will provide Zebra Technologies an easy access to penetrate in public safety, utility, oil & gasand government end markets.
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|Title Annotation:||Business wire_|
|Publication:||Daily Herald (Arlington Heights, IL)|
|Date:||Aug 15, 2018|
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