Zebra Technologies to Acquire Photoneo
Zebra Technologies to Acquire Photoneo

Zebra Technologies to Acquire Photoneo

News summary

Zebra Technologies has announced its plan to acquire Photoneo, a leading developer of 3D machine vision technology, in a move aimed at enhancing its capabilities in the rapidly growing machine vision market. The acquisition will integrate Photoneo's advanced 3D vision solutions with Zebra's sensors and AI-driven technologies, addressing complex automation challenges across sectors like automotive manufacturing and logistics. This strategic partnership is expected to boost Zebra's portfolio of 3D sensors and software, positioning the company for accelerated growth in a competitive landscape. Bill Burns, CEO of Zebra, emphasized the importance of this acquisition in meeting the global demand for advanced machine vision solutions. Following the acquisition, Photoneo plans to operate under the name Brightpick and focus on developing AI robots for warehouse automation. The transaction is set to close in the first quarter of 2025 and will be funded through cash reserves.

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