Zebra Technologies Announces Expiration of U.S. Hart-Scott-Rodino Waiting Period for Acquisition of Enterprise Business of Motorola Solutions Transaction on track to close by the end of 2014
LINCOLNSHIRE, Ill., July 8, 2014 /PRNewswire/ -- Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in products and services that provide real-time visibility into organizations' assets, people and transactions, today announced that the required waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, with respect to Zebra's definitive agreement to acquire the Enterprise business (excluding iDEN) of Motorola Solutions, Inc. (NYSE: MSI). The acquisition is expected to close by the end of 2014, subject to customary closing conditions, including remaining regulatory approvals. In the meantime the companies are focused on completion of operational planning and activities to help ensure a successful transfer of the business in this carve-out transaction.
"This milestone is a meaningful step toward completing the acquisition," said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. "As we continue to make progress on our integration activities, we are moving closer to creating a global leader in Enterprise Asset Intelligence."
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About Zebra Technologies
A global leader respected for innovation and reliability, Zebra Technologies Corporation (NASDAQ: ZBRA) offers technologies that give a virtual voice to an organization's assets, people and transactions, enabling organizations to unlock greater business value. The company's extensive portfolio of marking and printing technologies, including RFID and real-time location solutions, illuminates mission-critical information to help customers take smarter business actions. For more information about Zebra's solutions, visit www.zebra.com.
SOURCE Zebra Technologies Corporation