ZBRA - Zebra Tech to acquire Fetch Robotics for $290 million in cash

Sundry Photography/iStock Editorial via Getty Images Zebra Technologies (ZBRA) plans to acquire Fetch Robotics, a pioneer in on-demand automation. Fetch's Autonomous Mobile Robots are utilized for optimized picking in fulfillment centers and distribution centers, just-in-time material delivery in manufacturing facilities, and automating manual material movement in any facility. The planned addition facilitates Zebra’s vision to bring advanced robotics solutions to customers who have labor-intensive operations. Zebra anticipates funding the $290 million purchase price for 95% of the business with cash on hand.

For further details see:

Zebra Tech to acquire Fetch Robotics for $290 million in cash