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Zebra Technologies Corporation has today announced that it has agreed to acquire all of the shares of Navis Holdings, LLC for approximately US$145m in cash, subject to applicable post-closing adjustments. The transaction is expected to close during the fourth quarter of 2007, subject to conditions.

Zebra Technologies to acquire Navis

Headquartered in Oakland, CA, Navis provides solutions for marine terminals and other operations managing cargo in the supply chain. Founded in 1988, it was the first company to provide automated container terminal operating systems for port and intermodal facilities.

The Navis suite of products helps companies enhance productivity, efficiency and profitability by automating and integrating data input functions for real-time analysis and planning. These products unite various functions to streamline workflow and reduce overhead, administration and maintenance costs. Related services include product customisation, installation, training, maintenance and global support.

The company has a growing number of distribution centres using its yard management solution to track the movement of assets as well. Navis has more than 450 end user sites in operation in more than 50 countries.

In addition, Zebra has extended its presence in the growing field of real-time location with the acquisition of all of the outstanding shares of proveo AG during the third quarter of 2007 for US$16.3m in cash. The acquisition builds on Zebra’s acquisition in January of WhereNet Corporation, a global provider of active radio frequency identification (RFID)-based real-time location systems (RTLS).

proveo, headquartered in Crailsheim, Germany, provides a complete hardware and software system for airport ground handling. Using primarily GPS location and GPRS and wi-fi communication technologies, its real-time system is currently installed at airports in Frankfurt, Munich, London, Singapore and Dubai, among others.

“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 CEO. “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. They will help Zebra continue to move toward offering industry-specific applications in high-growth emerging industries. “

“Our combination with Zebra Technologies will ensure that Navis continues to provide the highest levels of innovation and service our customers deserve and require,” said John Dillon, CEO of Navis.

“This transaction will allow us to continue our extensive maritime focus as well as all of our strategic market initiatives. As a part of Zebra, Navis will benefit from Zebra’s financial strength, global reach and engineering expertise.” Zebra commented that 2007 revenues from Navis are expected to be approximately US$60m.