Sierra Wireless to merge with Numerex
Stephen LawElectronics Wireless Engineering IoT Supply Chain IoT wireless
Merger will provide Numerex with an expanded ability to serve its customers through a combined company with a worldwide presence, scale and experience
Numerex Corp., a leading provider of enterprise solutions enabling the Internet of Things, (IoT) and Sierra Wireless Inc., a leading provider of fully integrated device-to-cloud solutions for the IoT, have entered into a definitive merger agreement under which Sierra Wireless will acquire Numerex in a stock-for-stock merger transaction.
“We believe that combining with Sierra Wireless provides us the opportunity to work with and take advantage of world-class talent and technology to improve our product offerings for our customers,” comments Kenneth Gayron, interim CEO and CFO of Numerex. “The transaction also provides our shareholders the opportunity to participate in the upside potential of the combined company.”
“The acquisition of Numerex accelerates our IoT device-to-cloud strategy by adding an established customer base, significant sales capacity, proven managed solutions and recurring revenue scale,” says Jason Cohenour, president and CEO of Sierra Wireless. “The combination of Sierra Wireless and Numerex will represent a powerful business and technology platform that will enable the company to drive a global leadership position in IoT services and solutions.”
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