News digest:
- the acquisition amounts to $3 billion 450 million
The deal strengthens the zebra technology asset tracking portfolio, creating a global leader in enterprise asset intelligence for the interconnection Era
- Motorola systems will focus on Promoting Sustainable Leadership for mission critical communications for government and public security customers
Zebra Technologies Corp (ZebraTechnologies Corporation) (NASDAQ: ZBRA) and Motorola systems (Motorola Solutions, (Inc.) (NYSE: MSI) today announced that it has reached a final agreement. Under the agreement, zebra technology will be $3 billion 450 million cash acquisition of Motorola systems, the enterprise department. The acquisition will be provided by a joint form of cash on hand and new debt, which has been approved by the board of directors of both companies, but will also depend on customary closing conditions such as regulatory approvals. The transaction is expected to be completed by the end of 2014.
Zebra $3 billion 400 million acquisition of Motorola systems enterprise
Anders, Gustafsson, zebra technology, CEO
The president of Anders technology chief Gustafsson said: "this acquisition will enable zebra technology to become the leading solution supplier, to bring better intelligence and insight for our customers to extend the value chain of enterprise. The business sector will bring significant value to our shareholders, promote further product innovation, and further interaction with customers and partners. Zebra technology will therefore become a leading technology innovator, accelerating the convergence of mobile, data analysis and cloud computing."
Zebra $3 billion 400 million acquisition of Motorola systems enterprise
Greg Brown, President and CEO of Motorola
"Our business unit is the ideal choice for Zebra technology," says Motorola systems president and CEO Greg Brown. This transaction will enable us to further enhance the strategic focus for our government and public security customers to provide mission critical solutions. We intend to provide timely returns to our shareholders once the transaction is completed."
Motorola corporate sector is expected 2013 sales of $2 billion 500 million (not including the integrated digital enhanced network (iDEN) product sales), is a leader in mobile computing and advanced data communication technology and services industry. Through this transaction, zebra technologies will enter the niche market Motorola corporate sector competition, and strengthen its position in key industries, retail transport & Logistics and manufacturing etc., for about 95% of the company "fortune" the world 500 strong in service.
Zebra technology, which sold $1 billion in 2013, is the industry leader in barcode and corporate printing, asset tracking, IoT solutions, and action and orientation awareness. These technology products and asset tracking solutions, coupled with Motorola's corporate sector, will be able to create an enterprise asset intelligence industry leader for the interconnection era.
Zebra technology and Motorola's sales forecast for 2013 totaled about $3 billion 500 million. After the completion of the transaction, about 4500 employees are expected to join the zebra technology. Motorola systems will retain its iDEN portfolio, which is part of the enterprise division, and will continue to run its government operations, including a portfolio of professional commercial radio products.
Motorola systems will continue to manufacture, design, integrate and provide industry-leading voice and data communications solutions for global government and public security customers. Motorola systems, which sells these security tasks, key innovative products, services and solutions, has the most cutting-edge unique software design in the field of public security technology. The company also holds a unique intellectual property portfolio.
Zebra technology is a strategic choice
The transaction will significantly expand the footprint of zebra technologies; after the integration of the company will have approximately 20000 channel partners in more than 100 countries, and holds a strong intellectual property portfolio, has issued and pending US and international patents about 4500. Zebra technology and the key interests of its shareholders include:
A more robust combination platform for multiple growth opportunities
A new portfolio of integrated products, technologies and intellectual property
Leading end to end solutions in key industries throughout the world
A very diverse business portfolio
Synergy is achieved through maximization of efficiency and scale
Attractive growth and free cash flow status
Motorola Systems Inc

Motorola's Brown said: "last year we in our strategy to carry out a comprehensive investigation, and summed up between our government and the corporate sector synergy value compared to our special focus on our core government & public safety business value creation. Looking to the future, we will have absolutely clear goals and tasks that will provide our global customers with our mission critical communications solutions portfolio. The industry's industry leadership, strong product line status, long-term profitability and cash flow, as well as a large number of development opportunities are really unique. "

transaction details
Under the agreement, zebra technology will be $3 billion 450 million cash acquisition of Motorola's corporate sector. Zebra technology management is expected to expand immediately on the basis of cash earnings. Zebra technology is expected to cash $200 million in cash, and will be through new loans and issues of bonds and fully raised $3 billion 250 million to provide funding for the acquisition. The transaction does not depend on financing terms and is expected to be completed by the end of 2014.
Morgan Stanley (Morgan) as zebra technology financial advisor, will be fully underwriting the debt portion of the transaction financing commitments. Kai Yi International Law Firm (Kirkland & Ellis LLP) is a legal adviser to zebra technology.
Goldman Sachs (Goldman Sachs & Co.) and JP Morgan chase securities (J.P.Morgan Securities LLC) as Motorola systems company's financial advisor to the transaction. Winston law firm (Winston & Strawn LLP) serves as legal counsel for Motorola systems. Wachtell, Lipton, Rosen & Katz acted as legal counsel to Motorola's board of directors.