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
Li-Fi communication module wirelessly transfers data at 1-Gbps
October 31, 2014
The Fraunhofer Institute for Photonic Microsystems IPMS in Dresden has developed communication modules that can wirelessly ...
Digital Lumens raises USD23m for intelligent LED lighting solution
Bosch brings electronic fuel system, connectivity to Asian motorbikes
NXP extends NFC ecosystem to the car
Japan's MegaChips to buy MEMS maker SiTime
Freescale CEO: 'IoT isn't just buzz'
October 30, 2014
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's ...
3D prints world's best inverter
Research project significantly improves electronics reliability
Netscout Acquires Communications Businesses From Danaher
- Wireless Power User Guide
- Secure is the New Smart
- 5 Best Practices for Designing Flexible Test Stations
- Intelligent PLCs Expand the Internet of Things
InterviewFreescale CEO: 'IoT isn't just buzz'
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's CEO Gregg Lowe had every reason to be chipper and lively when EE Times ...
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, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.
Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...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.