Supply chain technology provider Zebra Technologies Corp. today announced its intention to acquire machine vision components and systems developer Matrox Imaging for $875 million in order to expand its offer in automation technology.
Under the terms of the agreement, Zebra will acquire the Matrox Imaging division (Matrox Electronic Systems Ltd.) but not the Matrox Video division (Matrox Graphics Inc.), which will remain under the ownership of Matrox president and co-founder Lorne Trottier. Both units will retain their head office in Montreal.
The deal follows Zebra’s decision last year to launch a stationary industrial scanning and machine vision portfolio by acquiring the machine vision system supplier Adaptive Vision and autonomous mobile robot (AMR) provider Fetch Robotics.
In other recent investments, Zebra and its investment arm, Zebra Ventures, partnered in 2021 with other venture capital firms to support logistics technology companies such as Righthand Robotics, Optoro, PlusOne Robotics and FourKites. .
Montreal-based Matrox Imaging offers platform-independent software, software development kits (SDKs), smart cameras, 3D sensors, vision controllers, input/output (I/O) boards ) and machine vision grabbers.
According to Zebra, these components enable industrial customers to reduce manufacturing costs, improve product quality, and increase compliance and yield. Matrox is doing a brisk business in its industry, generating annual sales of around $100 million with a higher profit margin profile than Zebra, the companies said.
“Clients are increasingly deploying automated solutions to augment their frontline workers, allowing them to focus on more complex, higher-value workflows, and machine vision is a key technology to help them achieve this,” Anders Gustafsson, CEO of Zebra, said in a statement. “This acquisition allows us to meet the changing needs of our customers, wherever they are in their automation journey, from capturing and analyzing data to facilitate decision-making to deploying automation solutions. to speed up the production and movement of goods and materials.
— Zebra Technologies (@ZebraTechnology) March 15, 2022