UPDATE: Zebra Technologies Acquires Hart Systems for About $94M

Zebra Technologies ZBRA today announced that it has acquired Hart Systems, a leading provider of cloud-based physical inventory management solutions, for approximately $94 million in cash, subject to applicable post-closing adjustments. The seller, Topspin Partners LBO, is a Long Island, NY-based private equity firm focused on the lower-middle market. The acquisition strengthens Zebra's leadership position in serving the retail industry with a broad portfolio of innovative offerings, including software and hardware solutions for inventory management and pricing, mobile point-of-sale and a broad set of applications for personalized customer engagement to deliver unique customer insights and efficient retail operations. The transaction is expected to be immediately accretive to Zebra's earnings. See full press release