Zebra Technologies is buying rugged tablet maker Xplore for around $90M in cash

Zebra Technologies is buying rugged tablet maker Xplore for around $90M in cash

5 years ago
Anonymous $cyhBy-qkd5

https://techcrunch.com/2018/07/05/zebra-technologies-is-buying-rugged-tablet-maker-xplore-for-around-90m-in-cash/

Some more consolidation is afoot in the world of enterprise mobility. Today, Zebra Technologies — a company that makes handheld scanners, printers and other portable hardware, and develops the technology to tag things to be read by them — is acquiring Xplore Technolgies, one of the older and bigger makers of ruggedised tablets and other hard-wearing hardware. Both companies are publicly listed and Zebra says it will be paying $6 per share in cash for Xplore, which works out to about $90 million — a premium on the company’s current market cap of about $65 million.

Zebra’s market cap is just under $8 billion.