M&A Deal Summary

Sierra Wireless Acquires Accel Networks

On June 19, 2015, Sierra Wireless acquired communications company Accel Networks for 9M USD

Acquisition Highlights
  • This is Sierra Wireless’ 5th transaction in the Communications sector.
  • This is Sierra Wireless’ 7th largest (disclosed) transaction.
  • This is Sierra Wireless’ 3rd transaction in the United States.
  • This is Sierra Wireless’ 1st transaction in Florida.

M&A Deal Summary
Date 2015-06-19
Target Accel Networks
Sector Communications
Buyer(s) Sierra Wireless
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Accel Networks

St. Petersburg, Florida, United States
Accel Networks LLC is a provider in managed cellular broadband technology and connectivity services in North America. Accel’s deep experience in providing cellular broadband to thousands of locations across the country resulted in the development of iMaestro™, Accel’s smart antenna and hosted RF optimization and management system.

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Buyer(S) 1

Buyer

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 7 of 11
Sector (Communications) 5 of 5
Type (Add-on Acquisition) 6 of 10
State (Florida) 1 of 1
Country (United States) 3 of 5
Year (2015) 1 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Wireless Maingate AB

Karlskrona, Sweden

Wireless Maingate AB Wireless service provider in the M2M segment.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 MobiquiThings

Sophia-Antipolis, France

MobiquiThings is a mobile virtual network operator.

Buy €14M
Mergr

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