Schenker Electronics to acquire Sierra Wireless for $1.2 billion

Sierra Wireless is an IoT solution provider. Its main products are mobile communication modules, gateways and routers for IoT and M2M communications, which are used in transportation, energy, medical, security, computer network communications and other fields. Recently, Schenco Electronics announced that it will acquire all outstanding shares of Sierra Wireless in an all-cash transaction at a price of $31 per share. Under the definitive agreement, Sierra Wireless has a total enterprise value of approximately $1.2 billion.

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