Zebra Technologies to acquire Temptime Corp.

LINCOLNSHIRE - Zebra Technologies Corp. said Monday it will acquire Temptime Corp., a privately-held developer and manufacturer of temperature monitoring solutions for the health care industry.

Terms of the acquisition were not announced.

Founded in 1987, New Jersey-based Temptime holds approximately 90 issued patents for its highly differentiated technology, which notifies users if medical and biological products and shipments have experienced a temperature deviation. Temptime's product portfolio meets strict specifications of the largest global health organizations' vaccination programs.

Temptime serves every global manufacturer that participates in these programs.

Renaat Van den Hooff, president and chief executive officer of Temptime, will stay on with the company and be a leader in the business integration, Zebra officials said in a release.

"The acquisition of Temptime advances the integration of smart supplies into our Enterprise Asset Intelligence vision as we incorporate temperature-monitoring capabilities," said Anders Gustafsson, chief executive officer of Zebra Technologies. "This acquisition aligns well with our strategy to expand into high-growth areas that are a strong fit for Zebra." Zebra expects to close on the deal in the first quarter of 2019.