Zebra Technologies Acquires Atlantek, Inc.
26 November, 2003
category: Contactless, Education
VERNON HILLS, Ill., Nov. 20 /PRNewswire-FirstCall/ – Zebra Technologies Corporation (Nasdaq: ZBRA) today announced that it has acquired all of the outstanding stock of Atlantek, Inc. Located in Wakefield, RI, Atlantek is a designer and manufacturer of thermal digital printers. Atlantek had net sales of approximately $16 million for its most recent fiscal year, which ended June 30, 2003. Terms of the cash transaction were not disclosed.
Zebra stated that the acquisition provides products and technology to serve the growing area of digital photo printing, as well as retransfer and security card printers. Atlantek’s products include a high-speed thermal printer jointly developed with and marketed by Eastman Kodak as the Kodak ML500 Professional Photo Printer.
Zebra Technologies Corporation delivers innovative and reliable on-demand printing solutions for business improvement and security applications in about 100 countries around the world. More than 90% of Fortune 500 companies use Zebra(R)-brand printers. A broad range of applications benefit from Zebra- brand thermal bar code, “smart” label and receipt printers, and card printers, resulting in enhanced security, increased productivity, improved quality, lower costs, and better customer service. The company has sold more than three million printers, including RFID printer/encoders and wireless mobile solutions, and also offers software, connectivity solutions, and printing supplies. Information about Zebra Technologies can be found at http://www.zebra.com.
