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Sierra Wireless to acquire Sagemcom M2M

Sierra Wireless will acquire Sagemcom’s machine-to-machine (M2M) business. The deal is estimated to be worth $56.2 million .

Sagemcom, a French high-technology group active in broadband, telecom, energy, and document management, was an early entrant in the M2M market.

The company has built an M2M franchise that includes 2G and 3G wireless modules, as well as rugged terminals for GSM-Railway (GSM-R) applications.

Sagemcom M2M offers Sierra Wireless an enhanced market position in key segments, including payment, transportation, and railways, as well as new geographical expansion into Brazil.

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