M&A Deal Summary

Sierra Wireless Acquires Wireless Maingate AB

On December 22, 2014, Sierra Wireless acquired communications company Wireless Maingate AB from Verdane for 90M USD

Acquisition Highlights
  • This is Sierra Wireless’ 4th transaction in the Communications sector.
  • This is Sierra Wireless’ 2nd largest (disclosed) transaction.
  • This is Sierra Wireless’ 1st transaction in Sweden.

M&A Deal Summary

Date 2014-12-22
Target Wireless Maingate AB
Sector Communications
Buyer(s) Sierra Wireless
Sellers(s) Verdane
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Wireless Maingate AB

Karlskrona, Sweden
Wireless Maingate AB Wireless service provider in the M2M segment.

Search 205,121 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

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 6 of 11
Sector (Communications) 4 of 5
Type (Add-on Acquisition) 5 of 10
Country (Sweden) 1 of 1
Year (2014) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-19 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.

Buy $9M

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 25 of 46
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 20 of 32
Country (Sweden) 11 of 18
Year (2014) 6 of 6
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 CareTech AB

Kalix, Sweden

CareTech's mission is to develop and market high-quality social alarm and personal security products using leading edge technology. We provide both individual solutions and integrated systems to customers in the private and public elderly and home care sectors. Our goal is to reduce care staff’s work load and enhance the end user’s security, freedom and peace of mind.

Sell kr240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 CRF Health

London, United Kingdom

CRF Health is a provider of patient-centered eSource technology solutions for the life sciences industry. With experience in more than 800 clinical trials, over 100 languages and across 74 countries, CRF Health’s TrialMax® platform consistently demonstrates the industry’s highest data accuracy, patient and site compliance, and patient retention. The integrated TrialMax platform includes eCOA solutions for collecting PROs (Patient Reported Outcomes), ObsROs (Observer Reported Outcomes), ClinROs (Clinician or Rater Reported Outcomes), and PerfOs (Performance Outcomes), and features TrialConsent®, an electronic solution for collecting and managing informed consent in clinical trials. CRF Health’s eSource solutions improve trial engagement by making the patient the center of the clinical trial process.

Sell -