• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Semtech Corporation Completes Acquisition of Sierra Wireless
Editor's Pick

Semtech Corporation Completes Acquisition of Sierra Wireless

by January 13, 2023
by January 13, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Creating a comprehensive Internet of Things (IoT) platform to enable the transformation to a smarter, more sustainable planet

Transaction brings together the ultra-low power benefits of LoRa® with higher bandwidth capabilities of cellular to create a new Internet of Things (IoT) Cloud-to-Chip systems leader
Semtech expects its IoT market opportunity to expand by approximately 10x to US$10 billion by 2027

Semtech Corporation and Sierra Wireless, Inc. 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.

Mohan Maheswaran, Semtech’s president and chief executive officer, said:

“Sierra Wireless brings nearly 30 years of leadership in cellular IoT and a strong and diverse device-to-Cloud IoT solutions portfolio. Combined with Semtech’s LoRa-enabled end nodes, we believe we are very well positioned to deliver a highly differentiated, end-to-end platform to enable the transformation to a smarter, more sustainable planet.”

“Our combined company will have strong expertise in high bandwidth cellular connectivity, ultra-low power LoRa connectivity, IoT software and services, and extensive knowledge of IoT hardware and software channels and vertical markets. We believe that Semtech is uniquely positioned to deliver a strong product portfolio and service model to customers across high growth IoT segments.”

Former Sierra Wireless senior leaders join the Semtech leadership team in two newly formed business groups. Tom Mueller joins as executive vice president of the IoT System Products Group, which includes Semtech’s existing LoRa products business. Ross Gray joins as vice president of the IoT Connected Services Group. Pravin Desale also joins Semtech as the senior vice president of IoT Engineering driving product development of our new systems and solutions.

Investor Deck

For more information, please see a new investor deck on Semtech’s investor website.

The post Semtech Corporation Completes Acquisition of Sierra Wireless appeared first on IoT Business News.

You Might Also Like
  • LoRa Alliance® Expands Certification Program to Include SCHC over LoRaWAN® Enabling IPv6 Solutions
  • Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges
  • Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak
  • Florida’s insurance industry is in flux as Idalia cleanup begins
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Should you buy JPMorgan stock after its Q4 earnings?
next post
Wells Fargo had its profit cut in half: ‘I’m still bullish’

You may also like

Affirm announces JPMorgan Chase merchants can now offer installment loans...

March 26, 2025

Several Buy Buy Baby and Harmon stores to reopen after...

August 19, 2023

Disney to raise monthly price on ad-free Disney+ to $13.99

August 10, 2023

More than 15 million Toshiba laptop adapters recalled due to...

February 22, 2024

Abortion bans drive away up to half of young talent,...

May 8, 2024

Comcast and Harris Blitzer to build NBA, NHL stadium in...

January 14, 2025

NBC ripped up its Olympics playbook for 2024 — so...

September 4, 2024

Retail sales slumped 0.9% in January, down much more than...

February 15, 2025

Judge allows lawsuit over Burger King’s Whopper ads to move...

May 7, 2025

Sam Bankman-Fried to learn fate today for orchestrating historic FTX...

March 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Panera Brands CEO steps down; CFO...

    January 8, 2025

    NBC ripped up its Olympics playbook...

    September 4, 2024

    Elon Musk’s X and Starlink face...

    September 20, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here