Sierra Wireless Acquisition Signals Shift in Data Cards

Posted 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
Website:
http://www.sierrawireless.com
Location:
Vancouver, British Columbia, Canada

Sierra Wireless modems and software connect people all over the world with mobile broadband networks that keep them in touch, informed, and productive from wherever they need to be. In this global, high growth industry, Sierra Wireless aims to be a leader in wireless solutions by being cost effective, innovative and responsive to customers. Founded in 1993, Sierra Wireless’s technical expertise has enabled the... more


blog comments powered by Disqus

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



Who's Hiring



Recent Comments

Powered by Disqus