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sierra wireless

Semtech acquires Sierra Wireless

Semtech has completed its acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately $1.2 billion (€1.1bn). This transaction nearly doubles Semtech’s annual revenue and adds approximately $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 […]

January 13, 2023

Sierra Wireless appoints Brace as CEO

Sierra Wireless, a global IoT solutions provider, has announced that its Board of Directors has appointed Phil Brace as its new President and CEO, effective July 26th. The current President and CEO, Kent Thexton, will stay on at Sierra Wireless until August 13th to complete the transition. “I am thrilled to welcome Phil to Sierra […]

July 12, 2021