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Slide #33. Sierra Wireless — In Motion Technology
Sierra Wireless (NASDAQ:SWIR)
In Motion Technology
Sierra Wireless (NASDAQ:SWIR) (TSX:SW.CA) and In Motion Technology Inc. today announced that Sierra Wireless has entered into a definitive agreement to acquire Vancouver-based In Motion for $21 million US dollars in cash consideration, subject to certain customary post-closing adjustments.
Sierra Wireless is an Internet of Things (IoT) provider that empowers businesses and industries in the connected economy. Co. has two reportable segments: IoT Solutions and Embedded Broadband. The IoT Solutions segment is focused on integrated end-to-end IoT solutions that include recurring connectivity services, cloud management software, and cellular modules and gateways targeted primarily at enterprises and Original Equipment Manufacturers in the IoT space. The Embedded Broadband segment is comprised of Co.'s high-speed cellular embedded modules that are typically used in non-industrial applications, namely Automobile, Mobile Computing and Enterprise Networking markets.
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Buy (2.62 out of 4)