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Zebra Technologies Completes Acquisition of Elo to Accelerate Connected Frontline Experiences

1. Zebra Technologies acquires Elo Touch Solutions to enhance automation offerings. 2. This acquisition positions ZBRA for growth in diverse industries.

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+0.34%S&P 500
$297.1610/01 08:23 AM EDTEvent Start
$291.7910/02 02:55 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of Elo Touch Solutions enhances ZBRA's product offerings and market reach. Historically, successful acquisitions in tech sectors often lead to stock price increases due to expanded capabilities and customer base.

How important is it?

The acquisition is significant, as it directly influences ZBRA's growth trajectory and technological capabilities, likely attracting investor interest.

Why Long Term?

This acquisition is likely to yield long-term benefits as Zebra integrates Elo's technology and expands its market position. Previous acquisitions in tech have shown improved market performance over time.

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ELOCREST
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)---- $ZBRA #earnings--Zebra Technologies (NASDAQ: ZBRA), a global leader in digitizing and automating workflows to deliver intelligent operations, today announced it has completed its acquisition of Elo Touch Solutions, Inc., an innovator of solutions that engage customers, enhance self-service and accelerate automation across retail, hospitality, quick service restaurants (QSR), healthcare and industrial markets. Elo had been majority owned since 2018 by funds managed by Crestvi.

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