M&A Deal Summary

Sierra Wireless Acquires Numerex

On August 2, 2017, Sierra Wireless acquired technology hardware company Numerex for 107M USD

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

M&A Deal Summary
Date 2017-08-02
Target Numerex
Sector Technology Hardware
Buyer(s) Sierra Wireless
Deal Type Add-on Acquisition
Deal Value 107M USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Arnold & Porter (Legal)

Target

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.

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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 10 of 11
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 9 of 10
State (Georgia) 1 of 1
Country (United States) 5 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 GenX Mobile

San Jose, California, United States

GenX Mobile, Inc. is a provider of in-vehicle cellular devices for the fleet management, asset tracking and transportation markets. GenX Mobile, Inc. was founded in 2003 and is based in San Jose, California.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 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.

Buy $20M
Mergr

Product

Company

Legal