Semiconductor supplier Semtech Corp to acquire Sierra Wireless

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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.

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