{"id":11405,"date":"2015-04-21T09:24:53","date_gmt":"2015-04-21T15:24:53","guid":{"rendered":"http:\/\/www.barcodesinc.com\/news\/?p=11405"},"modified":"2019-05-08T14:08:17","modified_gmt":"2019-05-08T20:08:17","slug":"xplore-agrees-to-purchase-motion-computing","status":"publish","type":"post","link":"https:\/\/www.barcodesinc.com\/news\/xplore-agrees-to-purchase-motion-computing\/","title":{"rendered":"Xplore Agrees to Purchase Motion Computing"},"content":{"rendered":"<p><a href=\"http:\/\/www.barcodesinc.com\/news\/wp-content\/uploads\/2015\/04\/news-xplore-motion-Apr15.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"\" style=\"margin-left: 20px; margin-bottom: 20px;\" src=\"http:\/\/www.barcodesinc.com\/news\/wp-content\/uploads\/2015\/04\/news-xplore-motion-Apr15.jpg\" alt=\"news-xplore-motion-Apr15\" width=\"255\" height=\"114\" align=\"right\" \/><\/a><a href=\"https:\/\/www.barcodesinc.com\/xplore\/\">Xplore<\/a> has announced that it has agreed to acquire substantially all of the assets of <a href=\"https:\/\/www.barcodesinc.com\/motion-computing\/\">Motion Computing<\/a> and its subsidiaries. Motion, another Austin, TX-based leader in the <a href=\"https:\/\/www.barcodesinc.com\/cats\/tablets\/rugged.htm\">rugged tablet<\/a> space, is currently the #2 provider worldwide of rugged tablet PCs, according to VDC.<\/p>\n<p>\u00e2\u20ac\u0153The acquisition of Motion is consistent with our goal to establish the best and broadest line of rugged tablets for the enterprise market,\u00e2\u20ac\u009d said Philip Sassower, chairman and CEO of Xplore. \u00e2\u20ac\u0153Motion represents a unique opportunity for Xplore to acquire an Austin-based company with deep industry domain expertise and that possesses products and channels complementary to our own. Together we will address a broader range of customer needs and provide a \u00e2\u20ac\u02dcone-stop shop\u00e2\u20ac\u2122 for rugged tablets.\u00e2\u20ac\u009d<\/p>\n<p><!--more-->\u00e2\u20ac\u0153Nearly fifty percent of Motion revenue comes from outside the United States,\u00e2\u20ac\u009d said Mark Holleran, president and COO of Xplore. \u00e2\u20ac\u0153Leveraging the mature distribution channels that Motion has developed over the last 10 years, Xplore will significantly expand its international reach. We are particularly excited to include in our offering <a href=\"https:\/\/www.barcodesinc.com\/motion-computing\/r12.htm\">Motion\u00e2\u20ac\u2122s R12<\/a>, which was recently named by PC Magazine as Editor\u00e2\u20ac\u2122s Choice for Rugged Windows Tablet PC. Its 12.5\u00e2\u20ac\u009d LCD form factor has been very successful in law enforcement and manufacturing markets and is just one example of the expanding market in which Xplore will now participate.\u00e2\u20ac\u009d<\/p>\n<p>\u00e2\u20ac\u0153Motion is excited about what this combination brings to its customers and business partners,\u00e2\u20ac\u009d said Peter Poulin, CEO of Motion. \u00e2\u20ac\u0153The capital backing of Xplore supports a robust product pipeline and customer service capabilities that are critical to enterprises with whom Motion has had long standing relationships.\u00e2\u20ac\u009d<\/p>\n<p>\u00e2\u20ac\u0153Xplore has a proven track record in focusing its resources to generate sustainable growth,\u00e2\u20ac\u009d said Mike Rapisand, CFO of Xplore. \u00e2\u20ac\u0153After a successful recapitalization and offering in 2012, we invested cash to significantly expand our addressable market, revenue and EBITDA. Our executive management team has over 200 years\u00e2\u20ac\u2122 combined experience in managing companies like Xplore and Motion, and we are confident that the two business will be successfully integrated to deliver growth and value to all of our stakeholders.\u00e2\u20ac\u009d<\/p>\n<p>The transaction will be effected through an asset purchase and sale agreement by and among Xplore, Motion and Square 1 Bank. Xplore will acquire Motion for approximately $9 million, plus the assumption of approximately $7 million in net liabilities. The closing of the transaction is expected to occur on or about April 17, 2015 and is subject to numerous conditions, including the receipt of financing and third party approvals and the satisfaction of customary closing conditions. Xplore intends to consummate the transaction using proceeds from a new $15 million credit facility with Square 1 Bank and to support integration and growth of the two businesses with its cash on hand.<\/p>\n<p>In its most recent fiscal year ended December 31, 2014, Motion\u00e2\u20ac\u2122s unaudited revenue was approximately $83 million, its unaudited gross margin percentage was approximately 25% and its unaudited net loss was approximately $7 million. Xplore intends to file a current report on Form 8-K on or about June 30, 2015 that will include Motion financial statements, as well as historical pro forma financial information for the combined businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Xplore has announced that it has agreed to acquire substantially all of the assets of Motion Computing and its subsidiaries. Motion, another Austin, TX-based leader in the rugged tablet space, is currently the #2 provider worldwide of rugged tablet PCs, according to VDC. \u00e2\u20ac\u0153The acquisition of Motion is consistent with our goal to establish the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[271,158,1041,388,226,1018],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Xplore Agrees to Purchase Motion Computing - Barcoding News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.barcodesinc.com\/news\/xplore-agrees-to-purchase-motion-computing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xplore Agrees to Purchase Motion Computing - Barcoding News\" \/>\n<meta property=\"og:description\" content=\"Xplore has announced that it has agreed to acquire substantially all of the assets of Motion Computing and its subsidiaries. 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