Zebra Technologies completes acquisition of Matrox Imaging
LINCOLNSHIRE -- Zebra Technologies Corp. Monday said it has completed its acquisition of Matrox Imaging, a developer of advanced machine vision components, software and systems.
When the deal was announced in March, Zebra said it would fund the $875 million purchase with a combination of cash on hand and financing under its credit facility.
Matrox Imaging, or Matrox Electronic Systems Ltd., is based in Montreal.
The acquisition further expands Zebra's offerings in the fast-growing automation and vision technology solution space, following the launch of the company's fixed industrial scanning and machine vision portfolio and recent acquisitions of Adaptive Vision and Fetch Robotics.
Zebra serves customers of all sizes -- including 94% of the Fortune 100 -- with its portfolio of hardware, software, services and solutions that digitize and automate workflows.