- Shared focus on innovation, in combination with Zebra’s global footprint, expected to accelerate Matrox Imaging’s long-term strategy
- Matrox Video to continue pursuit of growth plan under current ownership
Matrox announce that it has entered into a definitive share purchase agreement with Zebra Technologies Corporation (NASDAQ: ZBRA), pursuant to which Zebra intends to acquire the Matrox Imaging division (Matrox Electronic Systems Ltd.).
The Matrox Video division (Matrox Graphics Inc.) is not part of the transaction and will remain under the ownership of Matrox President and Co-Founder Lorne Trottier, as it continues to pursue its successful growth path through ongoing innovation and development of its award-winning video technology products. The head offices of the Matrox Video division and the Matrox Imaging division will remain in Montreal.
“The combination of Matrox Imaging’s technical expertise with the global footprint of Zebra Technologies will present an opportunity for Matrox Imaging to accelerate its long-term strategic plan,” stated Mr. Trottier.
“With its complementary machine vision and fixed industrial scanning portfolio, Zebra Technologies will be an excellent home for Matrox Imaging.”
“At the same time, this transaction will enable us to continue to invest heavily in Matrox Video’s successful growth path, its award-winning products and its ongoing process of innovation. We are fully committed to the future of Matrox Video,” said Mr. Trottier.
A global leader in automatic identification and data capture (AIDC), Zebra Technologies is an enterprise solutions company that provides technology used to sense, analyze, and act in real time. Zebra empowers organizations to thrive in the on-demand economy by making every front-line worker and asset at the edge visible, connected and fully optimized.
“Matrox Imaging brings deep expertise that will strengthen our recently established Machine Vision Business Unit and help Zebra further differentiate our growing portfolio of machine vision solutions,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies.
“I have observed the talented team at Matrox Imaging firsthand. Joining forces with them through this investment will be a win-win proposition to propel our machine vision solutions to the next level.”
Added Mr. Trottier, “Zebra shares our focus on innovation and investing in employee development. This bodes well for the future of Matrox Imaging and our team members who will be transitioning to Zebra.”
The transaction is subject to customary closing conditions, including regulatory approval.
Matrox has pioneered a number of innovative hardware and software solutions for an array of high-tech industries. Today, Matrox continues to be at the forefront of cutting-edge technology, working closely with its global stakeholders to solve specific real-world issues. visit Matrox.
Matrox Imaging is an established and trusted supplier to top OEMs and integrators involved in machine vision, image analysis, and medical imaging industries. visit Matrox Imaging.
Matrox Video is a leader in video technology. Featuring a complete portfolio of best-in-class hardware, software, APIs, and SDKs, Matrox Video enables OEMs, system integrators, value-added channel partners, and end users to push the boundaries of video innovation. visit Matrox Video.
Zebra empowers organizations to thrive in the on-demand economy by making every front-line worker and asset at the edge visible, connected and fully optimized. With an ecosystem of over 10,000 partners across more than 100 countries, Zebra serves customers of all sizes –including 94% of the Fortune 100– with an award-winning portfolio of hardware, software, services and solutions that digitize and automate workflows. visit Zebra.matrox.com