Sierra Wireless to acquire Sagemcom M2M for €44.9 million in cash
June 18, 2012 // Julien Happich
Sierra Wireless has entered into an exclusivity agreement for the acquisition of Sagemcom's machine-to-machine (M2M) business, submitting a binding offer to acquire all of the assets of the business for €44.9 million in cash.
The proposed acquisition remains subject to completion of the consultation process with employee representatives. This process is expected to commence immediately and, when complete, Sagemcom will be able to enter into a definitive agreement with Sierra Wireless. The companies expect this to occur in the third quarter.
Sagemcom, a leading French high-technology group active in broadband, telecom, energy, and document management, was an early entrant in the M2M market. The company has successfully built a growing M2M franchise that includes 2G and 3G wireless modules, as well as industry-leading rugged terminals for GSM-Railway (GSM-R) applications. Sagemcom M2M offers Sierra Wireless a significantly enhanced market position in key segments, including payment, transportation, and railways, as well as new geographical expansion into Brazil.
Sagemcom’s M2M business generated approximately €39.9 million in revenue and was solidly profitable during the twelve-month period ended December 31, 2011.
Visit Sierra Wireless at www.sierrawireless.comAll news
Leading-edge driving pure-play foundry growth
October 13, 2015
The total pure-play foundry market is forecast to grow 6.1 percent to $44.9 billion in 2015, according to IC Insights.
Calibration: meeting the challenges of high-frequency power measurement
Volkswagen cuts R&D spending to face lawsuits
Video: Singapore Post trials drone mail delivery
Bosch drives development of both batteries and fuel cells
Silicon Europe grows to cover 12 regions
October 13, 2015
The Silicon Europe project – set up in 2012 to link four regional clusters for electronics research and business development ...
More-than-Moore will lead, argues GloFo's Wijburg
Startup pitch-fest opens Semicon Europa show
MEMS, sensors get four sessions at IEDM 2015
- Determine Balancing Current for the LTC3305 Lead-Acid Battery Balancer
- 3 Ways to Simplify Medical Device Testing
- Thread Networking Protocol Simplifies Connecting “Things” in the Home and Beyond
- High Voltage CMOS Amplifier Enables High Impedance Sensing with a Single IC
InterviewMEMS platforms are way to go, says Bosch's Finkbeiner
In the two years since we last interviewed Stefan Finkbeiner, CEO of Bosch Sensortec, the company has taken over from STMicroelectronics as the leading global supplier of MEMS components. Here he explains ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, LabNation is giving away three of its SmartScope open source USB oscilloscopes, worth 229 Euros each, for EETimes Europe's readers to win.
Successfully funded through Kickstarter last year, the SmartScope is claimed to be the world's first test equipment designed to run on multiple operating systems and platforms such as smartphones, tablets and PCs. It is powered directly from... MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.