Deal Announcements

Zebra Technologies Acquires WhereNet for $126M

Friday, January 12, 2007 6:00:00 AM PDT | VentureDeal Staff

VERNON HILLS, IL -- Zebra Technologies (Nasdaq: ZBRA) announced an agreement to acquire WhereNet Corp for $126 million in an all cash transaction.

WhereNet provides integrated "active" RFID-based solutions that assist in tracking and locating enterprise assets.  Applications include vehicle inventory tracking, truck yard management and marine cargo tracking.

Zebra intends to operate WhereNet as a separate business unit, which it expects to generate $50 million in sales in 2007, up from $36 million in 2006.

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