Semiconductor supplier Semtech Corp to acquire Sierra Wireless

0
45
Semiconductor supplier Semtech Corp to acquire Sierra Wireless
Semiconductor supplier Semtech Corp to acquire Sierra Wireless

Semtech Corp, a semiconductor supplier will acquire Canada’s Sierra Wireless Inc

Semtech Corp, a semiconductor supplier will acquire Canada’s Sierra Wireless Inc. in a deal worth $1.2 billion, the companies said on Tuesday.

For $31 per share in an all cash deal, Semtech will acquire all shares of Sierra Wireless, according to a statement.

“Internet of things” solutions provider Sierra said earlier in the day that it was in advanced discussion with Semtech about a possible deal.

Also readTo become a successful technology leader, one must put people first

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics