M&A Deal Summary

Sierra Wireless Acquires In Motion Technology

On January 27, 2014, Sierra Wireless acquired technology hardware company In Motion Technology for 21M USD

Acquisition Highlights
  • This is Sierra Wireless’ 1st transaction in the Technology Hardware sector.
  • This is Sierra Wireless’ 4th largest (disclosed) transaction.
  • This is Sierra Wireless’ 1st transaction in Canada.
  • This is Sierra Wireless’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2014-01-27
Target In Motion Technology
Sector Technology Hardware
Buyer(s) Sierra Wireless
Deal Type Add-on Acquisition
Deal Value 21M USD
Advisor(s) Garibaldi Capital Advisors (Financial)
Farris (Legal)

Target

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.

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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 5 of 11
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 4 of 10
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-28 Sierra Wireless - AirCard Business

Carlsbad, California, United States

Sierra Wireless' AirCard Business is a producer of mobile data access products and solutions.

Sell $138M
FOLLOWING 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
Mergr

Product

Company

Legal