M&A - ZEBRA TECHNOLOGIES CORP
Form Type: DEF 14A
Filing Date: 2025-03-28
Corporate Action: Acquisition
Type: Update
Accession Number: 000155837025003931
Filing Summary: Zebra Technologies Corporation's DEF 14A filing highlights the company's strong financial performance in 2024, driven by recovery in product demand and substantial double-digit sales and earnings growth, particularly in North America. The company achieved $120 million in net annualized cost savings and emphasized its commitment to innovation through AI-based technologies and strategic acquisitions, including the recent purchase of Photoneo to enhance its position in the 3D machine vision market. Changes in leadership roles were noted, with Bill Burns becoming CEO in March 2023 and Anders Gustafsson transitioning to Board Chair. The company is dedicated to effective board oversight and continuous refreshment of its board members to align with strategic objectives.
Document Link: View Document
Additional details:
Board Leadership Structure: The company is committed to an effective and independent board leadership structure.
Cost Savings: Achieved $120 million in net annualized cost savings.
Acquisition Details: Recent acquisition of Photoneo to enhance presence in the 3D machine vision market.
Financial Performance: Strong performance reflected with double-digit sales and earnings growth.
Leadership Changes: Bill Burns became CEO in March 2023; Anders Gustafsson moved to Board Chair.
Innovation Focus: Recent innovations include AI-based machine vision and self-service kiosks.
Board Refreshment: In the last five years, five new directors have been added.
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