Zebra Technologies acquires LaserBand

Last Updated: Wed, Jul 18, 2012 12:53 hrs

Chennai, July 18 (IBNS) Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in barcode and label printing solutions, on Wednesday announced that it has acquired LaserBand LLC, a leading provider of patient identification wristbands and related products.

This acquisition strengthens Zebra's leadership position in serving the healthcare industry, said the company.

For 2011, LaserBand had sales of $24 million.

The transaction is expected to be immediately accretive to Zebra's earnings. Terms of the transaction were not disclosed.

"With the increasing focus on improving patient safety and hospital workflow, Zebra's innovative products and solutions enable healthcare organizations to more easily track people, assets and information," said Anders Gustafsson, CEO of Zebra.

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