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