Semtech to Acquire Sierra Wireless 2022

Semtech Corporation announced its acquisition of Sierra Wireless for US$31 per share in an all-cash transaction valued at approximately US$1.2 billion. The combination creates a comprehensive IoT platform expected to deliver US$40 million in run-rate operational synergies within 12-18 months post-close and is projected to be immediately accretive to non-GAAP EPS.