Sierra Wireless acquires Sweden’s Wireless Maingate
Sierra Wireless has acquired Sweden-based Wireless Maingate – a provider of M2M connectivity and data management services – for $90 million in cash.
Maingate provides managed M2M connectivity and information management services to over 500 customers across Europe, with a subscriber base of more than 500,000 connected devices.
“The acquisition of Maingate will help accelerate [Sierra Wireless’] device-to-cloud mission, with the addition of wireless M2M connectivity and managed services,” said Jason Cohenour, CEO of Sierra Wireless, a manufacturer of wireless communications equipment.
Together, Sierra Wireless and Maingate will be able to offer customers in Europe complete device-to-cloud solutions, with fully integrated hardware, embedded software development tools, cloud-based application development, device and subscription management, and wireless services.
In February, Sierra Wireless and Tech Mahindra announced an agreement to work together to develop and deploy end-to-end M2M solutions for customers worldwide.
The collaboration leverages Sierra Wireless device-to-cloud offerings and Tech Mahindra’s system integration and application development expertise to offer cost-effective solutions for prospective M2M customers in markets such as energy, transportation, industrial and healthcare.