NETGEAR Acquires Sierra Wireless AirCard
San Jose-based networking equipment manufacturer NETGEAR said Monday that it has acquired selected assets and operations of the AirCard business of Sierra Wireless. The deal is worth approximately $138M in cash. NETGEAR said that the AirCard business had a 12 month trailing net revenue run rate of approximately $247 million through December 2012. NETGEAR said it expects to add 160 employees, located in Carlsbad, California and Richmond, British Columbia, at completion of the deal.
posted on Tuesday, January 29, 2013
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