Zebra Tech to buy Motorola Solutions' unit for $3.5bn: FT
Published 15/04/2014 | 08:08
Barcode printer maker Zebra Technologies has agreed to buy Motorola Solutions Inc's enterprise business for $3.5bn in cash, the Financial Times reported, citing people familiar with the discussions.
The deal was agreed in the past few days and could be announced as early as today.
Motorola Solutions' enterprise business, which makes rugged mobile computers and tablets for businesses, has struggled as companies delay orders and cut down on spending.
Sales in Motorola's enterprise business rose to $736m from $733m, for the fourth-quarter ended December 31.