Zebra Tech. Buys Hart Systems For About $94 Mln.

(RTTNews) - Zebra Technologies Corp. (ZBRA) said Thursday it has acquired Hart Systems, a provider of cloud-based physical inventory management solutions, from private equity firm Topspin Partners LBO for about $94 million in cash, subject to applicable post-closing adjustments. The deal is expected to be immediately accretive to Zebra's earnings.

Zebra said the deal strengthens its leadership position in serving the retail industry with a broad portfolio of innovative offerings, including software and hardware solutions for inventory management and pricing, mobile point-of-sale and a broad set of applications for personalized customer engagement.

Headquartered in Hauppauge, New York, Hart Systems provides solutions that enable retailers to conduct self-directed in-store inventory operations.