Zebra Technologies (NASDAQ: ZBRA), known for its barcode and printing technology, is advancing its devices with its USD 90 Million acquisition of Xplore Technologies, a rugged tablet and hardware manufacturer.

Zebra said it will be paying USD 6 per share in cash for Xplore which comes out to about USD 90 Million, a premium of about USD 35 Million on its current market cap of approximately USD 65 Million. In comparison, Zebra’s market cap is right under USD 8 Billion. In 2014, Zebra also acquired the enterprise business of Motorola Solutions for USD 3.5 Billion to expand its Internet of Things capabilities.

Xplore generated USD 87 Million in the 12-month period that ended on March 31^st, but it has not reported lucrative profits. In the fourth quarter, Xplore reported a net profit of USD 300,000 relative to a USD 2.6 Million loss the year prior.

The deal will enable Zebra to expand its capabilities in retail, manufacturing, transportation, logistics and healthcare, while also expanding the markets where Xplore already has customers like the government, energy sector, and public safety, according to Zebra.

The Chief Executive Officer of Zebra, Anders Gustafsson, said in a statement “The acquisition of Xplore enhances our product lineup and gives Zebra a complete rugged tablet portfolio that enables our customers to gain a performance edge. […] The addition of Xplore provides access to a great team and great products in an attractive market and should enable us to grow the category double digits forward.”

The deal between Zebra and Xplore is expected to close in the third quarter of 2018.