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]