AcquisitionÃ‚Â enhances ZebraÃ¢â‚¬â„¢sÃ‚Â imagingÃ‚Â expertise
VERNON HILLS, Ill. - Zebra Technologies has acquired Atlantek Inc., a designer and manufacturer of thermal imaging printers.
The acquisition provides Zebra with products and technology to serve the growing area of digital photo printing, as well as retransfer and security card printers. AtlantekÃ¢â‚¬â„¢s products also include a high-speed thermal jet printer jointly developed with and marketed by Eastman Kodak.
Wakefield, R.I.-based Atlantek reported net sales of $16 million for its recent fiscal year, which ended June 30, 2003. Terms of the cash transaction were not disclosed.
Axcess Inc.restructures debt
DALLAS - RFID and digital solutions provider Axcess International has completed a financial restructuring plan that lowers interest and dividend payments on outstanding debt.
The plan reduces the amount of debt and preferred stock on the companyÃ¢â‚¬â„¢s balance sheet.
One financial improvement for the company involves reducing the total corporate debt by more than 50 percent, from approximately $12 million to $6 million. An oustanding note in default of $4 million was rescheduled to a five-year term.
The company also converted a large amount of preferred stock in multiple classes, approximately $4 million worth, to common stock.
The restructuring comes a year after Axcess furloughed employees until it raised new financing.
Bosch integrates customer support
FAIRPORT, N.Y. - Bosch has combined its customer service and technical support into one location as the company continues to integrate Radionics, Detection Systems and Philips CSI.
The move of the customer services and technical group from California and New York to Fairport, N.Y., is just one in a number of changes. Last fall, the company unveiled a new regional sales organization, where company sales people represent all product platforms.
Despite changes in support for CCTV, however, remains unchanged.