Zebra to Acquire Oakland-based Navis, Expects To Make Serious Money
Though many an RFID startup is experiencing financial woes, the on-demand digital printing and auto ID solutions provider Zebra is kicking butt.
Zebra Technologies Corporation today announced that it has agreed to acquire all of the shares of Navis Holdings, LLC, a global solutions provider for managing logistics, assets, inventories and cargo flows across the supply chain, for approximately $145 million in cash.
The transaction is expected to close during the fourth quarter of 2007 and is subject to expiration of the H-S-R waiting period and other customary closing conditions, according to a press release.
Headquartered in Oakland, Calif., Navis provides solutions for marine terminals and other operations managing cargo in the supply chain.
“Navis is an excellent platform for Zebra to provide end-to-end solutions that help its customers identify, locate and track assets through the supply chain,” stated Anders Gustafsson, Zebra’s chief executive officer. “It complements the real-time location and GPS capabilities of WhereNet and proveo. Together, these companies give Zebra the ability to deliver more high-value applications to customers in transportation, distribution and logistics. Our ability to combine software systems with integrated real-time RFID, RTLS and GPS asset identification will position Zebra as a more valued strategic technology provider.”
Zebra commented that 2007 revenues from Navis are expected to be approximately $60 million.




