Zebra Technologies has bought Motorola Solutions’ enterprise division for $3.45 billion in cash. The asset tracking specialist has raised $200 million in cash itself but is relying on a credit agreement to fund the rest. Zebra is a large player in the IoT, offering business services that include ID, Access and Security, Location and Real Time Visibility, Tracking Management, Labelling and Ticketing. Key Zebra technologies include barcodes, thermal imaging, passive and active RFID, Ultra Wideband location systems and the 2.4GHz WhereNet protocol. The acquisition will be funded by a combination of cash and new debt, raised through a new credit facility and the issuance of debt securities. Zebra expects the deal to be immediately accretive on a cash earnings basis.…