Retail technology firm Zebra Technologies is set to acquire 3D vision technology firm Photoneo.
Zebra Technologies has announced its intention to acquire Brightpick subsidiary Photoneo, a developer and manufacturer of 3D machine vision solutions.
Financial terms of the deal have not been disclosed. It follows the creation this year of an OEM relationship for Photoneo’s cameras that expanded Zebra’s 3D portfolio offering.
“This acquisition addresses the needs of customers globally who want to maximise the potential of machine vision within their frontline operations,” said Bill Burns, Chief Executive Officer, Zebra Technologies.
“Building on our proven expertise in autonomous data capture, inspection software and deep learning AI capabilities, this combination expands our portfolio of highly differentiated 3D sensors and advanced 3D machine vision software.”
“What a bittersweet moment this is. This must be what it feels like watching your child grow up and leave the nest,” said Jan Zizka, Founder and CEO at Brightpick.
“On one hand, I’m incredibly proud to see our baby, which we started literally in Tomas Kovacovsky’s (CTO) garage, grow into the market leader in 3D vision guided robotics and be acquired by a major corporation.”
“On the other hand, it’s difficult to say goodbye to 120 amazing colleagues and friends who have been by our side through thick and thin. While it’s impossible to name everyone, this would not have been possible without their dedication and hard work.”
He added, “I’m certain that Zebra will provide the perfect home for Photoneo. By combining its industry leading 3D vision technology with Zebra’s global reach, Photoneo is poised for even greater growth and success. This deal is also a game-changer for Brightpick. The significant capital it brings will enable us to reinvest in scaling manufacturing and deployment to meet the surging demand for our AI robots.”
“With our ARR growing 8x in 2024 and our 2025 production capacity nearly fully booked, this funding couldn’t come at a better time to help us serve even more customers. Plus we will have plenty of money left over to distribute to our existing investors. Here’s to the exciting road ahead for Photoneo, Brightpick, and everyone involved!”
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