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January 2015 |
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Sierra Wireless Completes Acquisition of Maingate
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M2M MAGAZINE - January 19, 2015
VANCOUVER, British Columbia–(BUSINESS WIRE)–Sierra Wireless (NASDAQ:
SWIR) (TSX: SW) today announced that it has completed the acquisition
of Wireless Maingate, AB (Maingate), a Sweden-based provider of
machine-to-machine (M2M) connectivity and data management services, for
US $90 million, subject to certain post-closing adjustments. Details of
the acquisition were first announced on December 22, 2014.
M2M World Congress 2015
Maingate provides managed M2M connectivity and information management
services to more than 500 customers across Europe, reaching a
subscriber base of more than 500,000 connected devices. Founded in
1998, Maingate was a pioneer in offering wireless services specifically
for the M2M market. Maingate’s value-added services include
leading-edge over-the-air subscription provisioning and tailored
connectivity solutions for a broad range of M2M industries.
Together, Sierra Wireless and Maingate will be able to offer customers
in Europe complete device-to-cloud solutions, with fully integrated
hardware, embedded software development tools, cloud-based application
development, device and subscription management, and wireless services.
About Sierra Wireless
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Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the global leader in
machine-to-machine (M2M) devices and cloud services, delivering
intelligent wireless solutions that simplify the connected world. We
offer the industry’s most comprehensive portfolio of 2G, 3G and 4G
embedded modules and gateways, seamlessly integrated with our secure
M2M cloud services. Customers worldwide, including OEMs, enterprises,
and mobile network operators, trust our innovative solutions to get
their connected products and services to market faster. Sierra Wireless
has more than 900 employees globally and has R&D centers in North
America, Europe and Asia. For more information, visit
www.sierrawireless.com.
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