Friday, January 13, 2023

Semtech Completes Sierra Wireless Buy

Camarillo-based Semtech said late Thursday afternoon that it has completed its acquisition of Vancouver, British Columbia-based Sierra Wireless. The deal was worth approximately $1.2 billion, and was an all-cash transaction. According to Semtech, the deal is expected to add approximately $100M of high-margin IoT cloud services to its recurring revenues. Semtech is the developer of LoRa low-powered wide area networking semiconductors.