Fibocom Wireless to Acquire Sierra Wireless Automotive Embedded Modules Business
July 30, 2020
News
Fibocom decides to acquire Sierra Wireless Automotive Embedded Module Product Line through its Joint Venture Company
Fibocom reached an agreement with three investment institutions to acquire the automotive embedded module product line of Sierra Wireless through its joint venture company.
Fibocom signed an agreement with three professional investment institutions, namely SHENZHEN CAPITAL GROUP CO., LTD., Shenzhen Jianxin Huaxun Equity Fund Management Co., and Shenzhen Qianhai Red Earth M&A Fund Partnership (Limited Partnership), planning to jointly increase investment in Rolling Wireless Technology Co., Limited, a joint venture company invested by the four parties. The funds will be used for the acquisition of the automotive embedded module assets of Sierra Wireless through Rolling Wireless (H.K) Limited, the subsidiary of Rolling Wireless Technology Co., Limited. After the acquisition, the joint venture company Rolling Wireless (H.K.) Limited will operate the global automotive embedded module business independently.
According to the company, this move will strengthen Fibocom's industrial advantage in the IoT sector and will help to further enhance its global market share in the automotive embedded module business.
For more information, visit www.sierrawireless.com or http://www.fibocom.com/news_view.aspx?TypeId=4&Id=449&Fid=t2:4:2
Tiera Oliver is the assistant managing editor at Embedded Computing Design. She is responsible for web content editing, product news, and story development. She also manages, edits, and develops content for ECD podcasts, including Embedded Insiders.
She utilizes her expertise in journalism and content management to oversee editorial content, coordinate with editors, and ensure high-quality output across web, print, and multimedia platforms. She manages diverse projects, assists in the production of digital magazines, and hosts company podcasts by conducting in-depth interviews with industry leaders to deliver engaging and insightful discussions.
Tiera attended Northern Arizona University, where she received her bachelor's in journalism and political science. She was also a news reporter for the student-led newspaper, The Lumberjack.
