Semtech completed the acquisition of Sierra Wireless for $1.2bn.

Semtech, a semiconductor products to original equipment manufacturer and distributor, completed the acquisition of Sierra Wireless, a wireless communication equipment designer and provider, for $1.2bn. “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,” Mohan Maheswaran, Semtech President and CEO.