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Zebra Tech Snags Motorola's Enterprise Unit for $3.5B

Zebra Technologies (NASDAQ:ZBRA) is set to acquire Motorola Solutions' (NYSE:MSI) enterprise business for $3.45 billion, as the maker of barcode printers looks to widen its footprint.Zebra also raised its first-quarter guidance, saying the proposed acquisition will immediately add to earnings.The company now sees a profit of 88 cents to 91 cents a share, excluding costs related to the deal, and revenue of $287 million to $289 million. It previously anticipated per-share earnings of 77 cents to 87 cents and $276 million to $286 million in revenue.The all-cash deal is expected to close by the end of this year.Shares of Zebra advanced 1% to $68.97 early Monday morning. Motorola Solutions slipped 0.9% to $63.23.The addition of Motorola Solutions' enterprise unit, which makes barcode scanners and rugged computers, will give Zebra a bigger presence in retail, manufacturing and logistics. Zebra currently specializes in barcode printing and inventory tracking.Lincolnshire, Ill.-based Zebra sai...

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