Stratrix
On the Record · Zebra Technologies

Zebra Technologies acquisitions, on the record

The businesses Zebra Technologies bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Matrox Electronic Systems Ltd. ("Matrox")
Word for word“Matrox: On June 3, 2022, the Company acquired Matrox Electronic Systems Ltd. (“Matrox”) for $881 million in cash, net of Matrox’s cash on-hand.” 10-K for 2023
acquisitionOn June 3, 2022$881 million in cash, net of Matrox’s cash on-hand
Antuit Holdings Pte. Ltd. ("Antuit")
Word for word“Antuit: On October 7, 2021, the Company acquired Antuit Holdings Pte. Ltd. (“Antuit”) for $145 million in cash, net of cash acquired.” 10-K for 2023
acquisitionOn October 7, 2021$145 million in cash, net of cash acquired
Fetch Robotics, Inc. ("Fetch")
Word for word“Fetch : On August 9, 2021, the Company acquired Fetch Robotics, Inc. (“Fetch”) for $301 million, which consisted of $290 million in cash paid, net of cash acquired, and the fair value of the Company’s existing minority ownership interest in Fetch of $11 million, as remeasured upon acquisition.” 10-K for 2023
acquisitionOn August 9, 2021$301 million, which consisted of $290 million in cash paid, net of cash acquired, and the fair value of the Company’s existing minority ownership interest in Fetch of $11 million, as remeasured upon acquisition
Adaptive Vision Sp. z o.o. ("Adaptive Vision")
Word for word“Adaptive Vision: On May 17, 2021, the Company acquired Adaptive Vision Sp. z o.o. (“Adaptive Vision”) for $18 million in cash, net of cash acquired.” 10-K for 2023
acquisitionOn May 17, 2021$18 million in cash, net of cash acquired
Matrox Electronic Systems Ltd.
Word for word“On June 3, 2022, the Company acquired Matrox Electronic Systems Ltd. (“Matrox”) for $881 million in cash, net of Matrox’s cash on-hand.” 10-K for 2024
acquisitionOn June 3, 2022$881 million in cash, net of Matrox's cash on-hand
Photoneo
Word for word“Photoneo : On December 27, 2024, the Company entered into a definitive agreement to acquire Photoneo, a leading developer and manufacturer of 3D machine vision solutions.” 10-K for 2024
agreed acquisition——
Elo Holdings, Inc.
Word for word“On September 30, 2025, the Company acquired Elo Holdings, Inc. (“Elo”) for $1,303 million in cash, net of Elo’s cash on-hand.” 10-K for 2025
acquisitionSeptember 30, 2025$1,303 million
robotics automation solutions business
Word for word“Current year Operating expenses were higher than the prior year primarily due to higher employee and employee-related costs, the inclusion of operating expenses and higher acquisition and integration costs associated with recently acquired companies, and higher exit and restructuring costs primarily driven by the planned divestiture of our robotics automation solutions business.” 10-K for 2025
agreed divestiture——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$0$39 million—
2017-12-31$0$0—
2018-12-31$72 million$0$35 million
2019-12-31$262 million——
2020-12-31$548 million——
2021-12-31$452 million——
2022-12-31$881 million——
2023-12-31$0——
2024-12-31$0——
2025-12-31$1.36 billion——

Deal filings since 2016

Read from Zebra Technologies’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.