Zebra Technologies Corp. (ZBRA), a leader in digital solutions, has announced its intention to acquire Photoneo, a Slovakia-based company specializing in 3D machine vision solutions. This acquisition, structured as a cash transaction, is anticipated to be finalized by the first quarter of 2025, pending customary closing conditions. However, specific details of the transaction have not been disclosed.
Through this strategic acquisition, Zebra Technologies seeks to enhance its capabilities in the 3D machine vision sector. Integrating Photoneo's cutting-edge 3D vision technology with Zebra's advanced sensors, software, and AI-powered image processing is expected to equip clients with robust tools to tackle complex challenges.
The combined offerings will span various applications, including item picking from bins, pallet unloading, virtual model creation, and parts inspection, catering to industries such as automotive and logistics. Zebra Technologies emphasized that Photoneo's intelligent sensors excel in vision-guided robotic applications and are compatible with leading robot brands, particularly in bin-picking tasks. Their proprietary parallel structured light technology enhances 3D operations by delivering faster, more precise, and higher-resolution outcomes, providing a comprehensive solution with both hardware and software.
Bill Burns, CEO of Zebra Technologies, stated, "This acquisition responds to the global demand from customers seeking to optimize machine vision in their frontline operations. By expanding on Zebra's established expertise in autonomous data capture, inspection software, and deep learning AI capabilities, this move broadens our portfolio of distinctive 3D sensors and sophisticated 3D machine vision software."
In 2024, Zebra had already established a partnership with Photoneo to integrate their cameras, further enriching Zebra's 3D product lineup. On Monday, ZBRA shares concluded trading at $383.85 on the Nasdaq, reflecting a 1.34% decrease.
