Semtech Corporation completes acquisition of Sierra Wireless

Semtech Corporation and Sierra Wireless announced the completion of Semtech’s acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion. This transaction nearly doubles Semtech’s annual revenue and adds approximately US$100 million of high-margin IoT Cloud services recurring revenues. Semtech expects the acquisition to be immediately accretive to non-GAAP EPS and to generate US$40 million of run rate operational synergies within 12-18 months post close.

“Sierra Wireless brings nearly 30 years of leadership in cellular IoT and a strong and diverse device-to-Cloud IoT solutions portfolio. Combined with Semtech’s LoRa-enabled end nodes, we believe we are very well positioned to deliver a highly differentiated, end-to-end platform to enable the transformation to a smarter, more sustainable planet,” said Mohan Maheswaran, Semtech’s president and chief executive officer. “Our combined company will have strong expertise in high bandwidth cellular connectivity, ultra-low power LoRa connectivity, IoT software and services, and extensive knowledge of IoT hardware and software channels and vertical markets. We believe that Semtech is uniquely positioned to deliver a strong product portfolio and service model to customers across high growth IoT segments.”

Contenuti correlati

• 
  Partneship tra Taoglas e Semtech

  Taoglas  ha annunciato una partnership strategica con Semtech Corporation per offrire una linea di antenne verificate per l’utilizzo con i router AirLink di Semtech. La collaborazione consente a ingegneri e integratori di sistemi di scegliere l’antenna migliore...
• 
  ROHM completes acquisition of new production site

  ROHM has completed the acquisition of the assets of Solar Frontier’s former Kunitomi Plant located in Japan, on November 7, 2023 – based on its agreement signed with Solar Frontier. The plant will be operated by LAPIS...
• 
  Semtech: disponibili i primi prodotti di terze parti abilitati LoRa e basati su Amazon Sidewalk

  Semtech Corporation ha annunciato che sono disponibili i primi prodotti Amazon Sidewalk di terze parti basati sulla tecnologia LoRa di Semtech. I sensori di movimento e di anidride carbonica di Browan, il modem intelligente di Deviceroy per...
• 
  Avicena acquires microLED fab facility and engineering team from Nanosys

  Avicena announced that it has completed the acquisition of a microLED fabrication facility and associated engineering team from Nanosys. This transaction significantly enhances Avicena’s capabilities in the development and manufacturing of high-speed GaN microLEDs optimized for parallel...
• 
  Renesas completes acquisition of Steradian

  Renesas Electronics announced that it has completed the acquisition of Steradian Semiconductors Private Limited, a fabless semiconductor company providing 4D imaging radar solutions. Headquartered in Bengaluru, India, Steradian is a start-up founded in 2016 and provides radar...
• 
  VIAVI acquires Jackson Labs for PNT Solutions

  VIAVI Solutions announced it has completed the acquisition of Jackson Labs Technologies, a company focused in Position, Navigation and Timing (PNT) solutions for critical infrastructure serving both military and civilian applications. Jackson Labs develops and supplies modules,...
• 
  TASKING acquires iSYSTEM

  TASKING has announced the acquisition of iSYSTEM, a provider of software tools supporting embedded software development and testing. iSYSTEM develops and manufactures embedded software development tools ranging from simple debuggers to advanced software analysis tools. iSYSTEM was...
• 
  Semtech presenta LoRa Cloud Locator

  Semtech Corporation sta effettuando a embedded world 2022 (stand 4A-556, padiglione 4A)  le dimostrazioni di LoRa Cloud Locator, un nuovo servizio consente ai clienti di valutare LoRa Edge, una piattaforma di geolocalizzazione chip-to-Cloud con un consumo ultra-basso....
• 
  AMD completes acquisition of Xilinx

  AMD announced that it has completed the acquisition of Xilinx, creating the high-performance and adaptive computing leader. The Xilinx business will become the Adaptive and Embedded Computing Group (AECG), led by former Xilinx CEO Victor Peng. AECG...
• 
  Connettività IoT-to-Satellite con la collaborazione fra Lacuna e Semtech

  Semtech Corporation ha realizzato un’iniziativa congiunta con Lacuna Space per aumentare ulteriormente la copertura e la resilienza della connettività LoRaWAN. Nelle aree del mondo prive di segnali cellulari o Wi-Fi, i satelliti infatti colmano le lacune di...