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Sierra Wireless (SWIR) is selling its AirCard business to NetGear (NTGR) for $138M in cash. SWIR...
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Monday, January 28, 5:16 PM ETSierra Wireless (SWIR) is selling its AirCard business to NetGear (NTGR) for $138M in cash. SWIR says it intends to use the proceeds to continue its acquisition strategy in the M2M market, and is exploring ways to return part of the proceeds to shareholders. NTGR says the deal provides the latest in LTE data networking access devices.
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