December 3, 2013 – Zebra Technologies Acquires LaserBand
Zebra Technologies announced in July that it has acquired LaserBrand LLC, a company known for patient identification wristbands “and related products,” a press release states.
The details of the acquisition have not been disclosed, however, Zebra noted that in 2011, LaserBrand had sales of $24 million.
“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. “As a leader in patient identification, LaserBand is an excellent strategic fit as we expand our dedicated healthcare offerings. We are delighted to welcome this talented team to the Zebra family.”
Zebra sees this acquisition, clearly, as a means through which they can expand and grow their business in the healthcare market as well as open LaserBrand up to more markets around the world.
“The transaction provides Zebra a solid platform to accelerate its growth in healthcare. It extends Zebra’s supplies portfolio with patented, proprietary patient safety-related products, bolsters the company’s patent portfolio and offers greater access to hospitals and other healthcare organizations,” a press release statement reads. “LaserBand’s strong and capable sales organization now has a broader range of products to sell, and Zebra’s global presence will provide new opportunities to market LaserBand products in regions outside of North America.”
Previously, we looked at a few companies that offer solutions in the healthcare market, including Zebra, Motorola Solutions and Datamax O’Neil.
What do you think of Zebra’s acquisition of LaserBrand? Let us know on Facebook, Twitter or Google+!