Zebra Technologies
Zebra Technologies acquires Photoneo.
Zebra Technologies has announced its acquisition of 3D machine vision manufacturer, Photoneo. The move should enhance the digital solution provider’s presence within the rapidly growing machine vision sector. By combining Photoneo’s solutions with Zebra’s advanced sensors, vendor-agnostic software, and AI-based image processing abilities, the duo hope to find solutions to complex challenges. These applications could include bin picking, de-palletising, creating digital twins, automotive inspection, logistics and other key sectors.
Having been certified by many robotic manufacturers, Photoneo’s sensors are tried-and-tested solutions in the vision-guided robotic (VGR) segment. When used in robot-arm applications, the company’s solutions can help with scenarios including bin picking. Leveraging parallel structured light technology in 3D applications, Photoneo can provide faster, more accurate, and robust solutions.
“This acquisition addresses the needs of customers globally who want to maximise the potential of machine vision within their frontline operations,” said Bill Burns, Chief Executive Officer at Zebra Technologies. “Building on Zebra’s proven expertise in autonomous data capture, inspection software and deep learning AI capabilities, this combination expands our portfolio of highly differentiated 3D sensors and advanced 3D machine vision software. We look forward to welcoming the Photoneo team to the Zebra family.”
Last year, Zebra and Photoneo entered an OEM relationship regarding Photoneo’s cameras which helped expand Zebra’s 3D portfolio offering.
“Zebra Technologies will provide an ideal environment for Photoneo to further accelerate its innovation,” said Jan Zizka, Co-founder and CEO of Photoneo Brightpick Group. “By combining world-class 3D sensors from Photoneo with Zebra’s global reach and best-in-class 3D software, customers will be able to unlock considerable business value from machine vision across new, exciting use cases.”
Zebra is aiming to complete the purchase with cash, with the transaction subject to closing conditions and is expected to close in the first quarter. Financial terms will not be disclosed. A&O Shearman LLP is serving as legal counsel for Zebra, with Dentons (legal counsel) and Evercore Partners International (financial advisor) helping Photoneo.