Sierra Wireless to acquire Numerex for $107 million

Sierra Wireless has entered into a definitive merger agreement to acquire machine-to-machine communications company Numerex. The transaction is valued at approximately $107 million.

Numerex will become a subsidiary of Sierra Wireless, upon completion of the transaction, said the companies in a statement.

RBC Capital Markets is acting as financial advisor to Sierra Wireless. Blake, Cassels & Graydon;  Skadden, Arps, Slate, Meagher & Flom; and Jones Day are acting as Sierra Wireless’ legal advisors. Deutsche Bank is acting as financial advisor to Numerex and Arnold & Porter Kaye Scholer is acting as Numerex’s legal advisor.

[Image courtesy: Numerex]

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