Xplore Technologies

Xplore Technologies Corp - makes tablet computers for use in extreme conditions.

Customers of the company - the enterprise in the field of power, municipal services, production and distribution, public security, services, the transport and military sector.

History

2018: Zebra Technologies purchased Xplore for $90 million

In July, 2018 Zebra Technologies announced purchase of Xplore Technologies for $90 million. By the beginning of November, 2018 the transaction is closed.

Under the terms of the agreement, all shares of Xplore are sold by Zebra at the price of $6 apiece that 48% more than a quotation rate a day before the declaration of the transaction. Zebra paid acquisition from own means and by means of debt financing.

The protected tablet of production of Xplore company

At the time of the declaration of sale of Xplore of Zebra company market capitalization of the first made $65.9 million, the second — $7.9 billion.

As notes the TechCrunch edition, in the conditions of consolidation of the market of corporate solutions when large players absorb small, but perspective, Zebra went to this transaction to expand the hardware business, to achieve high efficiency of production and to sell more services to clients of Xplore for improvement of profitability of contracts.

Acquisition  of Xplore  expands our product line. Now  Zebra  has a complete set of the protected tablets which allows our clients to get advantage in performance — the CEO  of Zebra Technologies Anders Gustafsson says. — Earlier we designated potential areas of expansion which suit  Zebra  and correspond to its vision of technologies of control and accounting at the enterprises. This purchase will just be approved with this strategy.

Tom Wilkinson remained the CEO of Xplore after change of the owner of the company. According to him, this transaction "confirms improbable work which is daily made by our command for development of the innovative solutions and customer service".

Our products naturally are suitable for Zebra, creating a comprehensive portfolio of the protected mobile solutions which will allow to resist to any competitor — Wilkinson added.[1]

Notes