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Sierra Wireless Inc. Message Board

  • kurtep kurtep Mar 4, 2014 11:13 AM Flag

    SWIR ? Motion

    Sierra Wireless (SWIR) (SW.TO) today announced that it has completed the acquisition of Vancouver-based In Motion Technology (“In Motion”) for $21 million US dollars in cash consideration, subject to certain post-closing adjustments.

    In Motion is a leader in mobile enterprise solutions, providing rugged in-vehicle mobile routers tightly integrated with an advanced mobile-optimized security system and a powerful management and application platform. The complete solution enables organizations to connect and manage mobile operations, vehicles, and workforces more efficiently, reliably and securely.

    Sierra Wireless and In Motion will together provide the broadest choice of device-to-cloud solutions for enterprise customers, from simple gateways to full featured mobile routers, as well as a comprehensive suite of cloud services and applications. The combined company will hold a strong leadership position and unique capabilities in important growth segments, including public safety, transit, and commercial fleet.

    During 2013, In Motion generated $15 million US dollars in revenue and gross margin was 50 percent of revenue.

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SWIR
27.52+1.15(+4.36%)Aug 22 4:00 PMEDT

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