Monday 30. December 2013
Zebra Technologies Acquires Hart Systems
Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that it has acquired Hart Systems, a leading provider of cloud-based physical inventory management solutions, for approximately $94 million in cash, subject to applicable post-closing adjustments. The seller, Topspin Partners LBO, is a Long Island, NY-based private equity firm focused on the lower-middle market. The acquisition strengthens Zebra’s leadership position in serving the retail industry with a broad portfolio of innovative offerings, including software and hardware solutions for inventory management and pricing, mobile point-of-sale and a broad set of applications for personalized customer engagement to deliver unique customer insights and efficient retail operations. The transaction is expected to be immediately accretive to Zebra’s earnings.