Acquiring Company
Semtech
Acquired Company
Sierra Wireless
CamarilloVancouverManufacturingInformation TechnologySustainabilityOtherHardwareSoftwareMobileInternet ServicesDescription
Semtech Corporation (Nasdaq: SMTC) and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW) today 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.
Quick answer
Semtech is acquiring Sierra Wireless, announced January 12, 2023. 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.
- An alert the day Semtech raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Semtech, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Sierra Wireless?
Sierra Wireless was acquired by Semtech, based in Camarillo. The deal was reported on January 12, 2023. 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 January 12, 2023. Semtech Corporation (Nasdaq: SMTC) and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW) today 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. 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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