Sierra Wireless To Acquire Wavecom

Posted: Dec 2 2008, 1:00pm CST | by , Updated: Aug 11 2010, 12:04pm CDT, in News | Other Stuff


/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";
Buy sierra wireless from Amazon Prime Day, Amazon Cyber Monday and Black Friday Now

Sierra Wireless and Wavecom announced today that Wavecom would be purchased by Sierra in a friendly deal. The combination of the two firms will create a global leader in wireless data says the companies. Sierra will be making an all cash offer of EUR8.50 per ordinary share of Wavecom.

The founders of Wavecom who collectively own 21% of the firm will all put up outstanding shares for the offer. The purchase offer is a 21% premium over what the stock was trading for on October 6, 2008. Sierra Wireless expects the purchase to close in Q1 2009.

"Sierra Wireless and Wavecom are a natural match. The two companies share similar histories and a common culture of innovation and technology leadership in wireless data. Joining with Sierra Wireless is a unique opportunity for Wavecom, its customers and employees. Together, the companies are well positioned to provide the most competitive solutions in the market and to become a global leader in wireless data," said Ronald Black, CEO, Wavecom.

Via Sierra Wireless

You May Like


The Author

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at




Leave a Comment

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Also Like


Read the Latest from I4U News