ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Sierra Wireless, Inc. Completes Acquisition of AirLink Communications, Inc.

Print | 
Email |  Comment   Share  

(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

Sierra Wireless, Inc.
13811 Wireless Way
Richmond, V6V 3A4
Canada



Press release date: May 25, 2007

VANCOUVER, May 25: Sierra Wireless, Inc. (NASDAQ: SWIR)(NASDAQ:TSX:)(NASDAQ:SW) announced today that it has completed the acquisition of AirLink Communications, Inc. ("AirLink"), a privately-held developer and supplier of high value fixed, portable and mobile wireless data solutions for industrial and public safety applications. AirLink achieved solid growth with revenue of $24.8 million in 2006, compared to $19.8 million in 2005. AirLink had earnings from operations of $3.9 million in 2006 and gross margin of 44%.

The combination joins AirLink, a leading provider of fixed, portable and mobile wireless connectivity devices, embedded software and remote device management software, with Sierra Wireless, a leading provider of wide area wireless solutions for mobile computing. The combined entity is expected to be a leader in mobile computing as well as rugged, intelligent mobile and M2M connectivity solutions.

Sierra Wireless paid cash consideration of $11.0 million, plus $1.0 million for customary closing adjustments and issued approximately 1.3 million shares to the shareholders of AirLink.

The business will be fully integrated under a single management team, comprised of both Sierra Wireless and AirLink personnel. The business will continue under the Sierra Wireless name, will be headquartered in Richmond, British Columbia and will be led by Jason Cohenour, President and Chief Executive Officer. Andrew Berman, AirLink's CEO, will become the Senior Vice-President and General Manager of the Sierra Wireless "Mobile and M2M" business segment.

About Sierra Wireless

Sierra Wireless (NASDAQ:SWIR)(NASDAQ:-)(NASDAQ:TSX:)(NASDAQ:SW) develops and markets wide area wireless solutions for mobile computing. The Sierra Wireless product portfolio includes the award-winning AirCard(R) line of wireless modems, embedded modules for original equipment manufacturers (OEMs), and the MP line of rugged, vehicle-mounted wireless modems. Sierra Wireless also offers professional services to OEM customers during product development, leveraging the company's expertise in wireless design and integration to provide built-in wireless connectivity for notebook computers and other portable computing devices. Sierra Wireless is headquartered in Richmond, British Columbia, Canada, with additional offices in Carlsbad, California, London, and Hong Kong. For more information about Sierra Wireless, please visit www.sierrawireless.com.

Source: Sierra Wireless, Inc.

CONTACT: Sierra Wireless, Inc. David G. McLennan, Chief Financial Officer, (604) 231-1185; Website: www.sierrawireless.com; Email: dmclennan@sierrawireless.com; INDUSTRY: CMT

Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 More New Product News from this company:
Wireless Gateway operates on Sprint 3G network.
Multi-Purpose Wireless Gateway operates on 4G LTE network.
Mobile 4G Hotspots deliver downlink speeds to 100 Mbps.
USB Modems support 4G speeds.
Wireless Gateway serves mobile and fixed applications.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
Sierra Wireless First to Offer Certified 4G Modules on Both Major U.S. LTE Networks
Sierra Wireless to Provide First 4G LTE Devices for AT&T Customers This Summer
EDMI and Sierra Wireless Win 2011 GSMA Mobile Innovation Award
LANCOM Selects Sierra Wireless to Provide LTE and HSPA+ Connectivity for Business Routers
Sierra Wireless Introduces New Software Features Accelerating Embedded M2M Application Development
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address