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.
Location
British Columbia, Canada
Transaction Type
Buyout

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