{"id":10135,"date":"2022-03-25T01:29:12","date_gmt":"2022-03-25T01:29:12","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=10135"},"modified":"2022-03-17T14:34:13","modified_gmt":"2022-03-17T14:34:13","slug":"zebra-to-buy-matrox-imaging","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/zebra-to-buy-matrox-imaging\/","title":{"rendered":"Zebra to Buy Matrox Imaging"},"content":{"rendered":"

Zebra Technologies<\/a>, an innovator at the front line of business with solutions\u00a0and partners\u00a0that deliver a performance edge, will\u00a0acquire\u00a0Matrox Imaging, a developer of advanced machine vision components and systems.<\/p>\n

This acquisition further expands Zebra<\/a>\u2019s offerings in the fast-growing automation and vision technology solution space. Last year, Zebra<\/a> introduced its\u00a0fixed industrial scanning and machine vision portfolio\u00a0and acquired Adaptive Vision and Fetch Robotics<\/a>.<\/p>\n

Matrox Imaging offers platform-independent software, software development kits (SDKs), smart cameras, 3D sensors, vision controllers, input\/output (I\/O) cards, and frame grabbers which are used to capture, inspect, assess, and record data from industrial vision systems in factory automation, electronics and pharmaceutical packaging, semiconductor inspection, and more. These capabilities enable industrial customers to lower their cost to manufacture products, improve product quality, and increase compliance and yield.<\/p>\n

\u201cCustomers are increasingly deploying automated solutions to augment their front-line workers, enabling them to focus on more complex, higher value workflows, and machine vision is a key technology to help them get there,\u201d said Anders Gustafsson, Chief Executive Officer of Zebra Technologies<\/a>.<\/p>\n

\u201cThis acquisition enables us to meet our customers’ evolving needs, regardless of where they are on their automation journey\u2014from capturing and analyzing data to facilitate decision-making to deploying physical automation solutions to accelerate the production and movement of goods and materials. We are excited to welcome the Matrox Imaging team to the Zebra<\/a> family.\u201d<\/p>\n

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Zebra Technologies, an innovator at the front line of business with solutions\u00a0and partners\u00a0that deliver a performance edge, will\u00a0acquire\u00a0Matrox Imaging, a developer of advanced machine vision components and systems.<\/p><\/div>\n

The acquisition of Matrox Imaging expands the portfolio of machine vision products, software and services Zebra<\/a> can offer customers to help them thrive in the on-demand economy that is constrained by both labor shortages and limited supply of upstream goods and materials. Matrox Imaging\u2019s solutions complement Zebra<\/a>\u2019s recently launched fixed industrial scanning and machine vision portfolio as well as significantly augment Zebra<\/a>\u2019s growing expertise in software, machine learning and deep learning.<\/p>\n

\u201cThe combination of Matrox Imaging\u2019s technical expertise with the global footprint of Zebra Technologies<\/a> presents an opportunity for Matrox Imaging to accelerate its long-term strategic plan,\u201d said Lorne Trottier, President and Co-Founder of Matrox. \u201cWith its complementary machine vision and fixed industrial scanning portfolio, Zebra Technologies<\/a> will be an excellent home for Matrox Imaging.\u201d<\/p>\n

Operations leaders within the automotive, pharmaceutical, electronics and food & beverage industries stand to gain the most from this exciting new combination. According to Zebra<\/a>\u2019s recent Pharmaceutical Supply Chain\u00a0Vision Study, 96% of decision-makers agree supply chain visibility provides a clear competitive advantage while 93% of food & beverage decision-makers surveyed for our Food Safety Supply Chain\u00a0Vision Study\u00a0plan on increasing investments in food monitoring technology in the next few years.<\/p>\n

Zebra<\/a> expects to fund the $875 million purchase price with a combination of cash on hand along with fully committed financing under its credit facility. The transaction is subject to customary closing conditions, including regulatory approval and is expected to close in 2022. Matrox Imaging generates annual sales of approximately $100 million with a higher profit margin profile than Zebra<\/a>.<\/p>\n