ZebraTechnologies Corp. will acquire the Enterprise business of Motorola Solutions Inc. for $3.45 billion, adding mobile computing and data-capture technology to its line of bar-code printers and tracking labels.

Zebraplans to fund the deal with about $200 million of cash on hand and $3.25 billion to be raised through a new credit facility and the sale of debt securities, the companies said today in a statement. Motorola Solutions said it will return the proceeds to shareholders, whileZebrasaid the purchase will immediately add to its earnings. The transaction is targeted for completion by the end of this year.

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