Tuesday, December 23, 2014

Sierra Wireless Inc. - SW.t

Sierra Wireless Inc. - SW.t is the global leader in machine-to-machine (M2M) devices and cloud services, offering intelligent solutions that simplify the connected world.

On December 22, 2014 the company reported News

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) and Wireless Maingate AB (Maingate), a Sweden-based provider of machine-to-machine (M2M) connectivity and data management services, today announced that Sierra Wireless has entered into a definitive agreement to acquire Maingate for US $90 million in cash. The transaction is expected to close in February 2015. “The acquisition of Maingate is a strong strategic fit for Sierra Wireless, helping us to accelerate our device-to-cloud mission with the addition of leading edge wireless M2M connectivity and managed services,” said Jason Cohenour, Sierra Wireless President and CEO. “Maingate has a strong base of top-tier M2M customers and a proven technology platform that we believe will enable market expansion and accelerated services growth through our channels.” - See more at: http://www.sierrawireless.com/Newsroom/newsreleases/2014/12-22-2014-Sierra_Wireless_expands_into_M2M_connectivity_services_with_acquisition_of_Wireless_Maingate.aspx#sthash.ed53L7v2.dpuf