Sierra Wireless Acquisition Signals Shift in Data Cards

by Rob Lewis

Sierra Wireless, the maker of wireless data cards, and Wavecom S.A., the maker of machine-to-machine communications chips, announced today that the companies have reached a Memorandum of Understanding providing for a business combination that will bring together these two industry innovators to form a global leader in wireless data. Vancouver-based Sierra Wireless is paying approximately US $280 Million to buy the Paris-based maker of machine-to-machine communications chips.

GigaOM's Stacey Higginbotham figures it’s a good move for Sierra, which is paying a 108-percent premium over Wavecom’s last trading price, in order to beat rival bidder Gemalto. For Sierra, the deal gives it the ability to follow the growth of the web as it moves beyond people to machines. The deal also provides a new avenue for growth as Sierra sees interest in wireless cards fade as communications chips are embedded directly into laptops.

Company:
Sierra Wireless
Location:
Richmond, British Columbia, Canada

Sierra Wireless is building the Internet of Things with intelligent wireless solutions that empower organizations to innovate in the connected world. We offer the industry’s most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways, seamlessly integrated with our secure cloud and connectivity services. OEMs and enterprises worldwide trust our innovative solutions to get their... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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