M&A Deal Summary

Sierra Wireless Acquires M2M Group

On January 7, 2020, Sierra Wireless acquired information technology company M2M Group for 20M USD

Acquisition Highlights
  • This is Sierra Wireless’ 2nd transaction in the Information Technology sector.
  • This is Sierra Wireless’ 5th largest (disclosed) transaction.
  • This is Sierra Wireless’ 1st transaction in Australia.

M&A Deal Summary

Date 2020-01-07
Target M2M Group
Sector Information Technology
Buyer(s) Sierra Wireless
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

M2M Group

Kensington, Australia
M2M Connectivity Pty Ltd. is focused on IoT connectivity services and cellular devices in Australia, and the acquisition expands Sierra Wireless’ IoT solutions business in the Asia-Pacific region.

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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 11 of 11
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Australia M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Numerex

Atlanta, Georgia, United States

Numerex Corp. is a provider of managed machine-to-machine (M2M) enterprise solutions enabling the Internet of Things (IoT). he Company offers a portfolio of managed end-to-end IoT solutions including smart devices, network connectivity and service applications capable of addressing the needs of a wide spectrum of vertical markets and industrial customers.

Buy $107M