Sierra Wireless Mergers and Acquisitions Summary

Technology HardwareCompany

Sierra Wireless has acquired 11 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Sierra Wireless’ largest acquisition to date was in 2017, when it acquired Numerex for $107M. It’s largest disclosed sale occurred in 2013, when it sold Sierra Wireless - AirCard Business to Netgear for $138M. Sierra Wireless has acquired in 3 different US states, and 5 countries. The Company’s most targeted sectors include communications (46%) and technology hardware (28%).

Join Mergr and gain access to Sierra Wireless’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the technology hardware sector.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity11
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Sierra Wireless

Sierra Wireless, Inc.

13811 Wireless Way,
Richmond, British Columbia V6V 3A4
Canada,
(604) 231-1100
www.sierrawireless.com

Sierra Wireless is a provider of machine-to-machine (M2M) devices and cloud services delivering intelligent wireless solutions that simplify the connected world. The company offer original equipment manufacturer (OEM) solutions and enterprise solutions. Sierra Wireless was founded in 1993 and is headquartered in Richmond, Canada.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 10 - - 1 - - 11
vol $301M $20M $321M
Sell (0.0/yr) # 1 - - - - - 1
vol $138M $138M
  12

Most Recent M&A

Company Date Value Type
M2M Connectivity Pty Ltd. 2020-01-07 20M USD Add-on Acquisition
Kensington, Australia · www.m2mconnectivity.com.au
Numerex Corp. 2017-08-02 107M USD Add-on Acquisition
Atlanta, Georgia · www.numerex.com
GenX Mobile, Inc. 2016-08-03 8M USD Add-on Acquisition
San Jose, California · www.genxmobile.com
MobiquiThings 2015-09-02 16M EUR Add-on Acquisition
Sophia-Antipolis, France · www.mobiquithings.com
Accel Networks LLC 2015-06-19 9M USD Add-on Acquisition
St. Petersburg, Florida · www.accel-networks.com
Wireless Maingate AB 2014-12-22 90M USD Add-on Acquisition
Karlskrona, Sweden · www.maingatesolutions.com
In Motion Technology, Inc. 2014-01-27 21M USD Add-on Acquisition
New Westminster, British Columbia · www.inmotiontechnology.com
Sierra Wireless - AirCard Business 2013-01-28 138M USD Divestiture
Carlsbad, California
Sagemcom’s machine-to-machine (“M2M”) 2012-08-01 51M EUR Divestiture
, France
Wavecom SA 2009-03-02 - Add-on Acquisition
Cedex, France
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 5 (45%) 99M (31%) - -
Technology Hardware 3 (27%) 136M (42%) 1 (100%) 138M (100%)
Information Technology 2 (18%) 35M (11%) - -
Software 1 (9%) 51M (16%) - -
Total 11 $321M 1 $138M

By Geo

State/Country Buy Value Sell Value
United States 5 124M 1 138M
  California 3 8M 1 138M
  Georgia 1 107M - -
  Florida 1 9M - -
France 3 66M - -
Australia 1 20M - -
Canada 1 21M - -
  British Columbia 1 21M - -
Sweden 1 90M - -
Domestic 1 (9%) 21M (7%) - -
Cross-border 10 (91%) 300M (93%) 1 (100%) 138M (100%)
Total 11 $321M 1 $138M

Top M&A Advisors

Financial Deals
CIBC Capital Markets
1
Legal Deals
Blake, Cassels & Graydon LLP
2
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
$100M to $1B 1 $107M
< $100M 7 $214M
TOTAL $321M
Largest Numerex Corp.
$107M (2017-08-02)
sell # Total
$100M to $1B 1 $138M
TOTAL $138M
Largest Sierra Wireless - AirCard Business
$138M (2013-01-28)

M&A Connections

Deals
Acquired from
Investor(s)
18%
2 (18%)
Strategic(s)
9%
1 (9%)
Divested to
Strategic(s)
100%
1 (100%)

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