Sierra Wireless paid cash of €44.9 million plus assumed liabilities to acquire substantially all of the assets of the Sagemcom M2M business.
Sierra Wireless, Inc. announced its complete acquisition of Sagemcom’s machine-to-machine (“M2M”) business, which was first announced on June 18, 2012.
Sagemcom, a leading French high-technology group active in broadband, telecom, energy, and document management, has successfully built a growing M2M franchise that includes 2G and 3G wireless modules, as well as industry-leading rugged terminals for GSM-Railway (GSM-R) applications. Acquiring the Sagemcom M2M business provides Sierra Wireless with a significantly enhanced market position in key segments, including payment, transportation, and railways, as well as new geographical expansion into Brazil.
