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Slide #60. Sierra Wireless — M2M Embedded Module and Modem Assets of AnyDATA Corporation
Acquirer:
Sierra Wireless (SWIR)
Acquiree:
M2M Embedded Module and Modem Assets of AnyDATA Corporation
Details:
Sierra Wireless (NASDAQ:SWIR) (TSX:SW.CA) today announced it has entered into an agreement with AnyDATA Corporation and its subsidiaries to acquire substantially all of the assets of AnyDATA's machine-to-machine (M2M) embedded module and modem business. The transaction is expected to close by the end of this month.
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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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 |