Manufacturing M&A » By The Online Investor Staff, updated Fri., Apr. 19, 3:16 PM
Recent mergers and acquisitions in the Manufacturing M&A category.
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Slide #26. Sierra Wireless — In Motion Technology
Acquirer:
Sierra Wireless (SWIR)
Acquiree:
In Motion Technology
Details:
Sierra Wireless (NASDAQ:SWIR) (TSX:SW.CA) today announced that it has completed the acquisition of Vancouver-based In Motion Technology ("In Motion") for $21 million US dollars in cash consideration, subject to certain post-closing adjustments.
Sierra Wireless is an Internet of Things (IoT) provider engaged in providing integrated Device-to-Cloud IoT solutions that are comprised of its recurring connectivity services, its IoT embedded cellular modules and routers, its cloud platform, and its embedded cellular modules and routers. Co. has two reportable segments: IoT Solutions and Enterprise Solutions. Co.'s IoT Solutions segment includes its cellular wireless IoT module solutions, embedded broadband solutions, and IoT connectivity services. Co.'s Enterprise Solutions segment includes its range of Sierra Wireless AirLink® routers, IoT applications and advanced network management, managed network services, and mobility applications.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: SWIR Stock Forecast Based on Zacks ABR data; powered by Xignite |
