Zebra Applied sciences to Purchase Matrox Imaging, Broadening Its Portfolio of Machine Imaginative and prescient Options

LINCOLNSHIRE, In poor health. & MONTREAL–(BUSINESS WIRE)–Zebra Applied sciences (NASDAQ: ZBRA), an innovator on the entrance line of enterprise with options and companions that ship a efficiency edge, at this time introduced it intends to accumulate Matrox Imaging (Matrox Digital Techniques Ltd.), a confirmed developer of superior machine imaginative and prescient parts and techniques. This acquisition additional expands Zebra’s choices within the fast-growing automation and imaginative and prescient know-how answer house. Final 12 months, Zebra launched its fastened industrial scanning and machine imaginative and prescient portfolio and bought Adaptive Imaginative and prescient and Fetch Robotics.

Matrox Imaging presents platform-independent software program, software program improvement kits (SDKs), good cameras, 3D sensors, imaginative and prescient controllers, enter/output (I/O) playing cards, and body grabbers that are used to seize, examine, assess, and document knowledge from industrial imaginative and prescient techniques in manufacturing facility automation, electronics and pharmaceutical packaging, semiconductor inspection, and extra. These capabilities allow industrial clients to decrease their price to fabricate merchandise, enhance product high quality, and enhance compliance and yield.

“Prospects are more and more deploying automated options to enhance their front-line staff, enabling them to concentrate on extra complicated, larger worth workflows, and machine imaginative and prescient is a key know-how to assist them get there,” stated Anders Gustafsson, Chief Government Officer of Zebra Applied sciences. “This acquisition allows us to fulfill our clients’ evolving wants, no matter the place they’re on their automation journey—from capturing and analyzing knowledge to facilitate decision-making to deploying bodily automation options to speed up the manufacturing and motion of products and supplies. We’re excited to welcome the Matrox Imaging crew to the Zebra household.”

The acquisition of Matrox Imaging expands the portfolio of machine imaginative and prescient merchandise, software program and companies Zebra can provide clients to assist them thrive within the on-demand economic system that’s constrained by each labor shortages and restricted provide of upstream items and supplies. Matrox Imaging’s options complement Zebra’s not too long ago launched fastened industrial scanning and machine imaginative and prescient portfolio in addition to considerably increase Zebra’s rising experience in software program, machine studying and deep studying.

“The mixture of Matrox Imaging’s technical experience with the worldwide footprint of Zebra Applied sciences presents a chance for Matrox Imaging to speed up its long-term strategic plan,” stated Lorne Trottier, President and Co-Founding father of Matrox. “With its complementary machine imaginative and prescient and stuck industrial scanning portfolio, Zebra Applied sciences shall be a superb house for Matrox Imaging.”

Operations leaders inside the automotive, pharmaceutical, electronics and meals & beverage industries stand to realize probably the most from this thrilling new mixture. Based on Zebra’s current Pharmaceutical Provide Chain Imaginative and prescient Examine, 96% of decision-makers agree provide chain visibility gives a transparent aggressive benefit whereas 93% of meals & beverage decision-makers surveyed for our Meals Security Provide Chain Imaginative and prescient Examine plan on rising investments in meals monitoring know-how within the subsequent few years.

Zebra expects to fund the $875 million buy value with a mix of money readily available together with totally dedicated financing beneath its credit score facility. The transaction is topic to customary closing situations, together with regulatory approval and is anticipated to shut in 2022. Matrox Imaging generates annual gross sales of roughly $100 million with the next revenue margin profile than Zebra.

Osler, Hoskin & Harcourt LLP is serving as authorized counsel and UBS Funding Financial institution is serving as monetary advisor to Zebra. Stikeman Elliott LLP is performing as authorized counsel and Evercore is performing as monetary advisor to Matrox Imaging.

Zebra Applied sciences Secure Harbor Assertion

This press launch accommodates forward-looking statements, as outlined by the Non-public Securities Litigation Reform Act of 1995, together with, with out limitation, the statements concerning the corporate’s outlook and the power to finish the acquisition. Precise outcomes could differ from these expressed or implied within the firm’s forward-looking statements. These statements symbolize estimates solely as of the date they had been made. Zebra undertakes no obligation, aside from as could also be required by legislation, to publicly replace or revise any forward-looking statements, whether or not because of new data, future occasions, modified circumstances or every other purpose after the date of this launch.

These forward-looking statements are primarily based on present expectations, forecasts and assumptions and are topic to the dangers and uncertainties inherent in Zebra’s business, market situations, normal home and worldwide financial situations, and different components. These components embrace buyer acceptance of Zebra’s {hardware} and software program merchandise and opponents’ product choices, and the potential results of technological adjustments. The continued uncertainty over future world financial situations, the supply of credit score and capital markets volatility could have adversarial results on Zebra, its suppliers and its clients. As well as, a disruption in our means to acquire merchandise from distributors because of provide chain constraints, pure disasters or different circumstances may limit gross sales and negatively have an effect on buyer relationships. Income and profitability shall be affected by Zebra’s means to manage manufacturing and working prices. Due to its debt, rates of interest and monetary market situations can even have an effect on outcomes. International change charges will impact monetary outcomes due to the big proportion of our worldwide gross sales. The end result of litigation wherein Zebra could also be concerned is one other issue. The success of integrating acquisitions may additionally have an effect on profitability, reported outcomes and the corporate’s aggressive place in its business. These and different components may have an adversarial impact on Zebra’s gross sales, gross revenue margins and outcomes of operations and enhance the volatility of our monetary outcomes. When used on this launch and paperwork referenced, the phrases “anticipate,” “consider,” “outlook,” and “anticipate” and related expressions, as they relate to the corporate or its administration, are meant to establish such forward-looking statements, however should not the unique technique of figuring out these statements. Descriptions of the dangers, uncertainties and different components that would have an effect on the corporate’s future operations and outcomes could be present in Zebra’s filings with the Securities and Trade Fee, together with the corporate’s most up-to-date Kind 10-Okay.

ABOUT MATROX IMAGING

Matrox Imaging is a longtime and trusted provider to high OEMs and integrators concerned in machine imaginative and prescient, picture evaluation, and medical imaging industries. The parts include good cameras, 3D sensors, imaginative and prescient controllers, I/O playing cards, and body grabbers, all designed to offer optimum price-performance inside a typical software program setting. For extra data, go to matrox.com/imaging.

ABOUT ZEBRA TECHNOLOGIES

Zebra (NASDAQ: ZBRA) empowers organizations to thrive within the on-demand economic system by making each front-line employee and asset on the edge seen, linked and totally optimized. With an ecosystem of greater than 10,000 companions throughout greater than 100 nations, Zebra serves clients of all sizes – together with 94% of the Fortune 100 – with an award-winning portfolio of {hardware}, software program, companies and options that digitize and automate workflows. Provide chains are extra dynamic, clients and sufferers are higher served, and staff are extra engaged after they make the most of Zebra improvements that assist them sense, analyze and act in actual time. Zebra not too long ago expanded its industrial automation portfolio with its Fetch Robotics acquisition and elevated its machine imaginative and prescient and AI software program capabilities with the acquisitions of Adaptive Imaginative and prescient and antuit.ai. Zebra is #25 on Newsweek’s inaugural record of America’s 100 Most Beloved Workplaces and #79 on Forbes’ record of America’s 500 Finest Midsize Employers. Study extra at www.zebra.com or join information alerts. Observe Zebra’s Your Edge weblog, LinkedIn, Twitter and Fb, and take a look at our Story Hub: Zebra Views.



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