Zebra Technologies to dispose of robotics business
The technology provider has indicated to US financial regulation authorities that it has determined to ‘dispose or exit’ the robotics market.
THE FILING was made to the SEC – the US Securities and Exchange Commission, a federal agency protecting investors on December 9.
Zebra has made the decision ‘in an effort to realign resources to efficiently support its strategic priorities’.
The company expects to incur up to $80 million of one-time pre-tax charges, inclusive of non-cash asset impairment charges of approximately $60m in the fourth quarter of fiscal year 2025. The actions are expected to result in net annualised pre-tax cost savings of at least $20m.
