Acquiring Company
Semtech
Acquired Company
Sierra Wireless
CamarilloVancouverManufacturingInformation TechnologySustainabilityOtherHardwareSoftwareMobileInternet ServicesDescription
Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW), a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion, subject to customary closing conditions. The acquisition will significantly expand Semtech’s addressable market and is expected to approximately double Semtech’s annual revenue and create a strong and diverse portfolio of connectivity solutions for the growing IoT market, making it easier for customers to find innovative end to end solutions for any segment. The deal is also expected to be immediately accretive to Semtech’s non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-transaction close.
Quick answer
Semtech is acquiring Sierra Wireless, announced August 2, 2022. Semtech is based in Camarillo, California, United States.
- How much did Semtech pay for Sierra Wireless?
- The deal value was not disclosed.
- What does Semtech do?
- Semtech Corporation is a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment.
- Where are Semtech and Sierra Wireless based?
- Semtech is based in Camarillo, California, United States. Sierra Wireless is based in Vancouver, Washington, United States.
- Who are the decision-makers at Semtech?
- Fundz holds 2 contacts at Semtech. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Semtech, and when
When Semtech changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
- Who you already know at Semtech, from your own LinkedIn network
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Frequently asked
Who acquired Sierra Wireless?
Sierra Wireless was acquired by Semtech, based in Camarillo. The deal was reported on August 2, 2022. Semtech Corporation is a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Semtech is publicly traded (SMTC) and operates in Manufacturing.
When did Semtech acquire Sierra Wireless?
Semtech's acquisition of Sierra Wireless was reported on August 2, 2022. Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sierra Wireless do?
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. It is privately held, operating in Other, and is based in Vancouver.
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