Sierra Wireless, Inc., provider of wireless modems for mobile computing, and
Wavecom S.A., provider of embedded wireless technology for M2M (machine-to-machine)
communication, announced that the companies have reached a
Memorandum of Understanding providing for a business
combination.
"Sierra
Wireless and Wavecom are a natural match. The two companies share
similar histories and a common culture of innovation and technology
leadership in wireless data. Joining with Sierra Wireless is a unique
opportunity for Wavecom, its customers and employees. Together, the
companies are well positioned to provide the most competitive solutions
in the market and to become a global leader in wireless data," said
Ronald Black, CEO, Wavecom.