Zebra Technologies has completed the $3.45 billion deal to buy enterprise business from Motorola Solutions.
The strategic acquisition was funded with $200 million of cash on hand and $3.25 billion in new debt.
Nearly 4,500 Motorola Solutions employees will move to Zebra as part of the transaction.
The transaction expands Zebra’s products, geographic reach, go-to-market channels and industries served.
The combined organization has about 20,000 channel partners in more than 100 countries, and approximately 4,300 U.S. and international patents issued and pending.
Motorola Solutions will continue to focus on its public safety business. The company has 50,000 public safety and commercial customers in more than 100 countries.
“We are well positioned to serve our businesses with solutions and services that help them achieve greater visibility for better enterprise asset intelligence. Together, we can provide the building blocks of Internet of Things solutions, as customers worldwide increasingly take advantage of data analytics and mobility to improve business performance,” said Anders Gustafsson, chief executive officer of Zebra.