In yet another major tech deal – 2014 is turning out to be anything but quiet in terms of major acquisitions – Zebra Technologies has picked up Motorola's Enterprise business for the not inconsiderable sum of $3.45 billion (£2.05 billion).
Zebra Tech is a leading barcode and enterprise printing firm, with many fingers in Internet of Things pies, and Motorola's Enterprise division produces mobile devices for the business market.
Around 4,500 Motorola staff members will be swelling Zebra's ranks when the deal goes through.
The plan is that this move will expand Zebra's reach globally, with the combined powers of the two outfits extending to 20,000 channel partners in over a hundred countries. Zebra boasts that it will have new growth opportunities, and make key IP pick-ups – with a total war chest of 4,500 US and international patents once the deal is done – and a further diversified mix of businesses.
Anders Gustafsson, Zebra's CEO, noted that: "This acquisition will transform Zebra into a leading provider of solutions that deliver greater intelligence and insights into our customers' enterprises and extended value chains."
He added: "It positions Zebra as a leading technology innovator, with the accelerating convergence of mobility, data analytics and cloud computing."
If they'd been rolled together in 2013, Zebra and Motorola's Enterprise arm would have achieved pro-forma sales equal to the value of the deal, around $3.5 billion (£2.1 billion) combined.
Note that Motorola's iDEN portfolio isn't part of the sale, and Motorola will keep and continue its government and public safety business.
Greg Brown, Motorola Solutions chairman and CEO, commented: "Last year, we undertook a thorough review of our strategy and concluded that the synergies between our Government and Enterprise businesses were not as great as the value we could create by being singularly focused on our core Government & Public Safety business."
"Going forward, we will have absolute clarity of purpose and mission as we serve customers globally with our suite of mission-critical communications solutions. This business is truly distinctive in its industry leadership, strong pipeline position, long-term track record of consistent profitability and cash flow, and an array of growth opportunities."