Zebra Technologies Intends to Acquire Matrox Imaging For $875 Million
<p><a href='https://financialmodelingprep.com/financial-summary/ZBRA'>Zebra Technologies Corporation (NASDAQ:ZBRA) </a>made an announcement today, according to which it intends to acquire Matrox Imaging, a machine vision company, for $875 million using both cash and financing under its credit facility. Matrox manufactures higher-end machine vision cameras, systems and related software. The company generates around $100 million in annual sales, implying a valuation of 8.8x on EV/sales. </p>
<p>Zebra Technologies Corporation expects the deal to be immediately accretive to earnings given that Matrox’s gross margins are meaningfully higher than that of Zebra’s.</p>
<p>Analysts at Berenberg Bank believe Matrox will add around 1% to Zebra’s sales in both 2022 and 2023 with the closing of the deal expected in 2022. While Matrox will only add modestly to near-term growth, the analysts believe it creates a larger platform for Zebra to add further acquisitions and accelerate its expertise in the area.</p>

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