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Sierra Wireless reaches deal to buy In Motion Technology

telecom | 01/28/2014 4:25 pm EST

Sierra Wireless Inc., a maker of components used in wireless networks, said Monday it has reached a deal to buy In Motion Technology Inc. for $21 million US in cash. Sierra is headquartered in Richmond, B.C., just outside of Vancouver, while In Motion is based in Vancouver. In Motion’s product offerings include an in-vehicle mobile router that comes with a control platform to help companies that manage vehicle fleets. “In Motion will strengthen our leadership position in M2M [machine-to-machine] and broaden our enterprise-solutions portfolio,” Sierra president Jason...