Semtech Corporation Acquires Sierra Wireless
August 2, 2022
Semtech Corporation agreed to acquire Sierra Wireless for US$31 per share in an all-cash transaction valued at approximately US$1.2 billion. The deal combines Semtech's LoRa capabilities with Sierra Wireless' cellular modules, gateways and cloud services to create a chip-to-cloud IoT platform, expand Semtech's addressable IoT market and add meaningful recurring cloud revenue and operational synergies.
- Buyers
- Semtech Corporation
- Targets
- Sierra Wireless, Inc.
- Industry
- Telecommunications
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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