Zebra Technologies Acquires LaserBand

Zebra Technologies Corporation announced that it has acquired LaserBand LLC, a leading provider of patient identification wristbands and related products which are used more than 200 million times per year by thousands of hospitals around the world.

This acquisition strengthens Zebra’s leadership position in serving the healthcare industry. 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. “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.”

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. 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.