Sierra Wireless（NASDAQ：SWIR）（TSX：SW）和运动TechnologyInc. announced that Sierra Wireless has entered into a definitive agreement to acquire Vancouver-based运动for $21 million U.S. dollars in cash consideration, subject to certain customary post-closing adjustments.
运动is a leader in mobile enterprise solutions, providing rugged in-vehicle mobile routers tightly integrated with an advanced mobile-optimized security system and a powerful management and application platform. The complete solution enables organizations to connect and manage mobile operations, vehicles, and workforces more efficiently, reliably and securely.
With complementary product portfolios and channels, Sierra Wireless and运动will together provide the broadest choice of device-to-cloud solutions for enterprise customers, from simple gateways to full featured mobile routers, as well as a comprehensive suite of cloud services and applications. The combined company will hold a strong leadership position and unique capabilities in important growth segments, including public safety, transit, and commercial fleet.
塞拉Wireless总裁兼首席执行官Jason Cohenour说：“运动将加强我们在M2M中的领导地位，并扩大我们的企业解决方案产品组合。”“塞拉无线和运动业务是高度互补的，并且将共同拥有独特的竞争地位。我们将拥有产品，频道和技术needed to offer the most comprehensive suite of solutions to our customers and expand our market share in high-growth, high-value markets such as public safety and commercial fleets.”
运动技术公司首席执行官Dean Rockwell说：“我们正在移动企业解决方案市场上的前所未有的增长，与Clear行业领导者联手将使联合组织能够抓住更多的机会。”很高兴加入Sierra Wireless团队，我们期待通过扩大解决方案产品和全球足迹的扩展为客户带来更大的价值。”
在2013年期间，运动产生了1500万美元的收入，毛利率占收入的50％。Sierra Wireless将从现有现金余额中为购买价格提供资金。
The transaction is subject to the approval of In Motion shareholders, and voting and support agreements have been obtained from the required number of holders for each share class. The transaction is structured as a statutory arrangement and requires the approval of the British Columbia Supreme Court. The transaction is also subject to post-closing working capital adjustments customary for a transaction of this nature. The transaction is expected to close in early March 2014, subject to customary closing conditions.
有关交易的其他信息可在Investor Informationsection of the Sierra Wireless Web site.
CIBC World Markets Inc. is acting as financial advisor and Blake Cassels & Graydon LLP is acting as legal counsel to Sierra Wireless. Garibaldi Capital Advisors is acting as financial advisor and Farris, Vaughan, Wills & Murphy LLP is acting as legal counsel to In Motion.
