The Financial Times is reporting that Motorola Solution has been acquired by Zebra Technologies, an inventory tracking company.
Sources familiar with the discussions told the newspaper that Zebra Technologies is paying an estimated $3.5 billion to acquire Motorola Solutions' enterprise business, which is comprised of data capturing technologies ranging from barcode scanners to two-way radios, and from wireless broadband networks to RFID solutions.
Motorola Solutions was previously known as the Enterprise Mobility Solutions and Public Safety division of Motorola Inc. When Motorola's Mobility unit was sold to Google in 2011, it began trading under the name Motorola Solutions.
The Financial Times added that it is an all-cash deal - a deal that could be announced on Tuesday this week.
Motorola Solutions and Zebra Technologies declined to comment on the report.
An inventory tracking company, Zebra Technologies manufactures bar code label and receipt printers, RFID smart label printers, and card printers. Its products are used by Fortune 500 companies. Zebra Technologies also develops human-tracking technology for sports teams.