Semtech Corporation to Acquire Sierra Wireless
August 2, 2022
Semtech Corporation agreed to acquire Sierra Wireless in an all-cash transaction for $31 per share, valuing the deal at approximately $1.2 billion, subject to customary closing conditions. The combination is intended to create a chip-to-Cloud IoT platform bringing together LoRa and cellular connectivity plus IoT Cloud services.
- Buyers
- Semtech Corporation, 13548597 Canada Inc.
- Targets
- Sierra Wireless, Inc.
- Industry
- IT Services
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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