Zebra Technologies’ Acquisition of Fetch Robotics

Vedder Price is serving as legal counsel to Zebra. Fenwick & West is acting as legal counsel and Evercore is acting as financial advisor to Fetch.

Zebra Technologies (NASDAQ: ZBRA), an innovator at the front line of business with solutions and partners that deliver a performance edge, announced it intends to acquire Fetch Robotics, a pioneer in on-demand automation. Fetch’s Autonomous Mobile Robots (AMRs) are used 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. 

Fetch features the largest portfolio of AMRs in the industry and offers seamless integration with warehouse and manufacturing systems without the need for changes to facilities or infrastructure. Workflow Builder, Fetch’s drag and drop workflow development studio, enables out-of-the-box automation so that customers and partners can deploy automated material handling workflows in hours instead of months. Fetch Robotics’ AMRs help reduce the impact of labor shortages by improving throughput, efficiency and productivity while working alongside people in fulfillment, distribution and manufacturing environments. 

In addition to Fetch Robotics’ broad portfolio of AMRs, it offers cloud-based Enterprise Software, FetchCore as the foundational platform for deploying and fully integrating a broad range of automated workflows into manufacturing and warehouse operations and providing unique insights into facilities through machine learning on AMR sensor data. The planned acquisition furthers Zebra’s vision to bring advanced robotics solutions to customers who have labor-intensive operations. 

Zebra’s focus on robotics automation combines workflow solutions for human workers, including current Zebra offerings such as FulfillmentEdge and SmartSight with Fetch Robotics’ solutions. The result will provide an innovative offering that drives greater efficiencies and higher ROI through better orchestration of technology and people.

Zebra expects to fund the $290 million purchase price – for the 95% of the business it does not already own – with cash on hand. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter of 2021. 

The Fenwick transaction team included corporate partners Steven Levine (Picture) and Kris Withrow and associates Ryan McRobert and Myles Gutenkunst; executive compensation and employee benefits partner Marshall Mort and associates Emily Gulyako and Jonathan Stephenson; technology transactions partner Ralph Pais, counsel Christopher Joslyn and associate Julia Arruda; antitrust and trade regulation partner Mark Ostrau; and tax associate Michael Knobler.

 

 

Involved fees earner: Julia Arruda – Fenwick & West LLP; Emily Gulyako – Fenwick & West LLP; Myles Gutenkunst – Fenwick & West LLP; Christopher Joslyn – Fenwick & West LLP; Michael Knobler – Fenwick & West LLP; Steven Levine – Fenwick & West LLP; Ryan McRobert – Fenwick & West LLP; Marshall Mort – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Ralph Pais – Fenwick & West LLP; Jonathan Stephenson – Fenwick & West LLP; Kris Withrow – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Fetch Robotics;

Martina Bellini

Author: Martina Bellini