Also in 2014, Zebra provided its real-time location system (RTLS) in NFL stadiums to track players and officials and provide location-based data for the NFL's Next Gen Stats program. Zebra's acquisition of the Enterprise Division included the Symbol Technologies and Psion product lines. In 2014, Zebra acquired Motorola Solutions' Enterprise Division in a $3.45 billion transaction, providing mobile computing and advanced data capture communications technologies and services. In 2013, the company acquired Hart Systems for $94 million in cash from the private equity firm Topspin Partners LBO. In 2012, the companies LaserBand, and StepOne Systems were purchased with a cash price of $1.5 million. In the same year, Multispectral Solutions, Inc. The company bought the Enterprise Solutions Group (ESG) in 2008 and renamed the group Zebra Enterprise Solutions in 2009. In the following years, Zebra also acquired Swecoin, WhereNet Corp, Proveo AG, and Navis Holdings (later divested in 2011). In 2004, the company expanded into RFID smart label manufacturing. In 2000, Comtec Information Systems was acquired by Zebra Technologies, followed in 2003 by the acquisition of Atlantek, Inc., which was a manufacturer of photo ID printers. In 1998, Zebra Technologies merged with Eltron International, Inc. Zebra became a publicly traded company in 1991. The company changed its focus to specialty on-demand labeling and ticketing systems in 1982 and became Zebra Technologies Corporation in 1986.
Zebra was incorporated in 1969 as Data Specialties Incorporated, a manufacturer of high-speed electromechanical products. Its products include mobile computers and tablets, software, thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, autonomous mobile robots (AMR’s) & machine vision (MV), and fixed industrial scanning hardware & software. The company manufactures and sells marking, tracking, and computer printing technologies. When the second-quarter earnings were issued, Zebra CEO Bill Burns said, “While we are revising our outlook downward, we remain confident in our ability to benefit from the long-term secular megatrends to digitize and automate workflows.Zebra Technologies Corporation is an American mobile computing company specializing in technology used to sense, analyze, and act in real time, sometimes known as smart data capture. The sum will be recorded against earnings in the third quarter and payouts completed by the first quarter of 2024, Zebra said. Zebra said its buyouts should cost $45 million. While we are facing difficult and uncertain business environment, we believe these actions are needed to reprioritize and invest in parts of our business that will strengthen our business for the long run.” “Our disciplined approach has enabled our long history of success, preparing us to succeed in challenging times. “Zebra has a track record of judiciously managing our operating expenses and investments with a long-term view,” the company said in a statement. But with fewer kinks in supply connections and capital budgets tight, it said customers are reducing orders. The company enjoyed a business boom during COVID-19, which caused customers in retail and logistics to stock up on systems that improve efficiency. The company attributed that to sales that carried a higher profit margin. 1 its second-quarter revenue was off 17% while profits jumped compared with a loss in the prior year. The disclosure caused its share price to fall more than 20% in early August, although it has partially recovered since then. The cuts loom as the company has said it expects third-quarter net sales to fall 35% compared with the same period last year. With around 120 locations, the company has not said where the job cuts will be concentrated.Ĭrain’s Chicago Business said Zebra has 1,200 employees in Lincolnshire.
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The maker of bar code systems and handheld computers used in manufacturing said it will offer severance and other benefits to get retirement-eligible workers to depart.
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