Today, we are excited to announce that Sierra Wireless, a true leader in the global IoT landscape, will acquire M2M Connectivity.
For the last 18 years, M2M Connectivity have been integrating wireless technologies into M2M and IoT solutions, supported by Australia’s best engineering talent. Through our new managed services, we have taken the first steps to deliver a range of secure, scalable offerings to cater for mission critical applications for the IoT.
Sierra Wireless started its business in 1993 and has grown to more than AUD1 billion in annual revenues. As experts in the IoT ecosystem, they are developing products and services for enterprise grade security, platforms and device management. These technologies will be the cornerstone of our future offerings.
We would like to take this opportunity to thank you for being our loyal customer and look forward to working with you on this exciting journey.
The acquisition is expected to close at the start of 2020, subject to closing conditions.