Zebra Technologies to Buy Photoneo & Boost Product Portfolio

Zebra Technologies Corporation ZBRA recently announced its plan to acquire Photoneo, a market leader in the 3D machine vision solutions industry. The financial terms of the proposed buyout have been kept under wraps.ZBRA’s shares lost 1.3% yesterday to eventually close the trading session at $383.85.Based in Slovakia, Photoneo is engaged in developing robotic vision and intelligence solutions. The company is well-known for manufacturing advanced 3D cameras with the world’s highest resolution and accuracy features. Photoneo’s intelligent robots enable companies from the food, automotive, logistics and e-commerce industries to boost their efficiency of manufacturing, fulfillment and assembly processes.Acquisition RationaleThe latest buyout is in sync with Zebra’s policy of acquiring businesses to strengthen its business and product portfolio. The buyout will enable the company to combine Photoneo’s 3D machine vision solutions with its advanced sensors, vendor-agnostic software and AI-based image processing capabilities. This will enable ZBRA to enhance its portfolio of 3D machine vision solutions and address customers’ several challenges in high-value applications. This includes bin picking, depalletizing and inspecting objects utilized in logistics, automotive manufacturing and other industries.Management expects the transaction to be completed in the first quarter of 2025, conditioned on the fulfillment of certain customary closing conditions.Zacks Rank & Price PerformanceZebra is focusing on advancing digital capabilities, optimizing the supply chain and expanding data analytics capabilities to engage with its customers. Higher sales of mobile computing and data capture solutions are supporting the Enterprise Visibility & Mobility segment’s sales. Higher sales for printing solutions and RFID products are also boosting the Asset Intelligence & Tracking segment.Image Source: Zacks Investment ResearchIn the past year, the Zacks Rank #2 (Buy) company’s shares have gained 40.4%, in line with the industry’s 40% growth.The Zacks Consensus Estimate for 2024 earnings has increased 10.6% to $14.04 per share in the past 60 days.Other Stocks to ConsiderSome other top-ranked stocks from the Zacks Industrial Products sector are discussed below.Graham Corporation GHM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.GHM delivered a trailing four-quarter average earnings surprise of 101.9%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 earnings has increased 8.4%.Federal Signal Corporation FSS presently carries a Zacks Rank of 2. FSS delivered a trailing four-quarter average earnings surprise of 11.8%.In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2024 earnings has increased 3.1%.Generac Holdings GNRC presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 10.8%.In the past 60 days, the consensus estimate for GNRC’s 2024 earnings has increased 5.4%.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Federal Signal Corporation (FSS): Free Stock Analysis Report Graham Corporation (GHM): Free Stock Analysis Report Generac Holdings Inc. (GNRC): Free Stock Analysis Report Zebra Technologies Corporation (ZBRA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks