M&A Deal Summary

Netgear Acquires Sierra Wireless - AirCard Business

On January 28, 2013, Netgear acquired technology hardware company Sierra Wireless - AirCard Business from Sierra Wireless for 138M USD

Acquisition Highlights
  • This is Netgear’s 6th transaction in the Technology Hardware sector.
  • This is Netgear’s largest (disclosed) transaction.
  • This is Netgear’s 7th transaction in the United States.
  • This is Netgear’s 5th transaction in California.

M&A Deal Summary

Date 2013-01-28
Target Sierra Wireless - AirCard Business
Sector Technology Hardware
Buyer(s) Netgear
Sellers(s) Sierra Wireless
Deal Type Divestiture
Deal Value 138M USD

Target

Sierra Wireless - AirCard Business

Carlsbad, California, United States
Sierra Wireless' AirCard Business is a producer of mobile data access products and solutions.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Netgear

San Jose, California, United States

Category Company
Founded 1996
Sector Technology Hardware
Employees628
Revenue 741M USD (2023)
DESCRIPTION
Entrance to Netgear's corporate headquarters in San Jose, California.
Entrance to Netgear's corporate headquarters in San Jose, California.

Netgear is a global networking company that delivers products to consumers, businesses and service providers. Netgear's business is managed in three specific business units: retail, commercial, and service provider. The retail business unit consists of home networking, home video security, storage and digital media products. The commercial business unit consists of business networking, storage and security solutions. The service provider business unit consists of made-to-order and retail-proven whole home networking hardware and software solutions as well as 4G LTE hotspots sold to service providers for sale to their subscribers. Netgear was formed in 1996 and is based in San Jose, California.


DEAL STATS #
Overall 7 of 7
Sector (Technology Hardware) 6 of 6
Type (Divestiture) 2 of 2
State (California) 5 of 5
Country (United States) 7 of 7
Year (2013) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-27 Avaak

San Diego, California, United States

Avaak develops and markets wireless products for the smart home market. Avaak’s flagship product line is the VueZone home video monitoring system, featuring the only completely wire-free IP cameras on the market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-19 Firetide

Campbell, California, United States

Firetide, Inc. is a provider of highest performance fixed and mobile wireless IP network infrastructure products that enable concurrent video, voice and data applications for government, transportation, education and commercial customers. The company’s products are used to build private wireless mesh infrastructure and access networks for indoor and outdoor use that are highly reliable and secure. Firetide is based in Silicon Valley with operations throughout the Americas, Europe, and Asia Pacific regions. Firetide has an installed base of thousands of customers in 40 countries around the world.

Sell -

Seller(S) 1

SELLER

Sierra Wireless

Richmond, British Columbia, Canada

Category Company
Founded 1993
Sector Technology Hardware
Revenue 473M USD (2021)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Sagemcom’s machine-to-machine

France

Sagemcom’s machine-to-machine (“M2M”) includes 2G and 3G wireless modules, as well as industry-leading rugged terminals for GSM-Railway (GSM-R) applications.

Buy €45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 In Motion Technology

New Westminster, British Columbia, Canada

In Motion Technology, Inc. is a provider in mobile enterprise solutions, providing rugged in-vehicle mobile routers tightly integrated with an advanced mobile-optimized security system and a powerful management and application platform.

Buy $21M