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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