Sierra Wireless acquires embedded module assets

|About: Sierra Wireless, Inc. (SWIR)|By:, SA News Editor

Sierra Wireless (NASDAQ:SWIR) announces that it completed the acquisition of GlobalTop Technology’s global navigation satellite system embedded module business for ~$3.2M.

The company says GlobalTop’s GNSS embedded module portfolio will become part of its OEM Solutions product line.

GlobalTop’s GNSS products generated ~$5.0M in revenue during the last 12 months.

“With a wide array of modules and established sales channels, as well as a proven engineering team, we believe that the GlobalTop GNSS business is an important addition to Sierra Wireless,” says Sierra VP Dan Schieler.

Source: Press Release