Zebra Technologies Corp. announced that it intends to acquire automation and vision technology company Matrox Imaging for $875 million. Zebra Technologies, which develops hardware, software and more for front-line workers across retail, healthcare and more, will fund the deal with cash on hand and its credit facility. Matrox generates annual sales of about $100 million “with a higher profit margin profile than Zebra,” the release said. Matrox offers smart cameras, 3D sensors and more, which Zebra says will help as companies manage labor shortages. Zebra stock edged up 1.3% in Tuesday premarket trading, and has declined 20.5% over the past year. The S&P 500 index has gained 5.1% for the last 12 months.
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