03.16.22
Zebra Technologies announced it intends to acquire Matrox Imaging (Matrox Electronic Systems Ltd.), a developer of advanced machine vision components and systems. This acquisition expands Zebra’s offerings in the fast-growing automation and vision technology solution space.
Last year, Zebra introduced its fixed industrial scanning and machine vision portfolio and acquired Adaptive Vision and Fetch Robotics
Matrox Imaging offers platform-independent software, software development kits (SDKs), smart cameras, 3D sensors, vision controllers, input/output (I/O) cards, and frame grabbers which are used to capture, inspect, assess, and record data from industrial vision systems in factory automation, electronics and pharmaceu-tical packaging, semiconductor inspection, and more.
These capabilities enable industrial customers to lower their cost to manufacture products, improve product quality, and increase compliance and yield.
“Customers are increasingly deploying automated solutions to augment their front-line workers, enabling them to focus on more complex, higher value work-flows, and machine vision is a key technology to help them get there,” said Anders Gustafsson CEO of Zebra Technologies. “This acquisition enables us to meet our customers' evolving needs, regardless of where they are on their automation journey—from capturing and analyzing data to facilitate decision-making to deploying physical automation solutions to accelerate the production and movement of goods and materials.”
Matrox Imaging’s solutions complement Zebra’s recently launched fixed industrial scanning and machine vision portfolio as well as significantly augment Zebra’s growing expertise in software, machine learning and deep learning.
Zebra expects to fund the $875 million purchase price with a combination of cash on hand along with fully committed financing under its credit facility. The transaction is subject to customary closing conditions, including regulatory approval and is expected to close in 2022. Matrox Imaging generates annual sales of approximately $100 million with a higher profit margin profile than Zebra.
Last year, Zebra introduced its fixed industrial scanning and machine vision portfolio and acquired Adaptive Vision and Fetch Robotics
Matrox Imaging offers platform-independent software, software development kits (SDKs), smart cameras, 3D sensors, vision controllers, input/output (I/O) cards, and frame grabbers which are used to capture, inspect, assess, and record data from industrial vision systems in factory automation, electronics and pharmaceu-tical packaging, semiconductor inspection, and more.
These capabilities enable industrial customers to lower their cost to manufacture products, improve product quality, and increase compliance and yield.
“Customers are increasingly deploying automated solutions to augment their front-line workers, enabling them to focus on more complex, higher value work-flows, and machine vision is a key technology to help them get there,” said Anders Gustafsson CEO of Zebra Technologies. “This acquisition enables us to meet our customers' evolving needs, regardless of where they are on their automation journey—from capturing and analyzing data to facilitate decision-making to deploying physical automation solutions to accelerate the production and movement of goods and materials.”
Matrox Imaging’s solutions complement Zebra’s recently launched fixed industrial scanning and machine vision portfolio as well as significantly augment Zebra’s growing expertise in software, machine learning and deep learning.
Zebra expects to fund the $875 million purchase price with a combination of cash on hand along with fully committed financing under its credit facility. The transaction is subject to customary closing conditions, including regulatory approval and is expected to close in 2022. Matrox Imaging generates annual sales of approximately $100 million with a higher profit margin profile than Zebra.