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Sierra Wireless Acquires M2M Wireless Connectivity & Data Management Services Provider Maingate

Sierra Wireless Acquires M2M Wireless Connectivity & Data Management Services Provider Maingate Image Credit: Maingate

Sierra Wireless has entered into an agreement to acquire Sweden-based wireless provider of machine-to-machine (M2M) connectivity and data management services, Maingate to expand its position in the M2M value chain with the addition of wireless connectivity and value-added services for European customers. 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.

Sierra Wireless will acquire all the outstanding shares of Maingate, including those held by the Nordic private equity fund Verdane Capital VI, and retain the company’s M2M business which includes wireless connectivity services for M2M. Maingate will retain the Enterprise Solutions business under a separate company called Maingate Enterprise Solutions AB, providing real-time data management tailored for energy services.

Founded in 1998, Maingate's services are based on its managed M2M connectivity platform, and support direct customer interaction through its specialized service management platform, Maingate Manager. According to Sierra, Maingate has been providing managed M2M connectivity and information management services to more than 500 customers across Europe, reaching a subscriber base of more than 500,000 connected devices. 

 

Jason Cohenour, Sierra Wireless President and CEO
The acquisition of Maingate is a strong strategic fit for Sierra Wireless, helping us to accelerate our device-to-cloud mission with the addition of leading edge wireless M2M connectivity and managed services. Maingate has a strong base of top-tier M2M customers and a proven technology platform that we believe will enable market expansion and accelerated services growth through our channels.

Baard Eilertsen, CEO of Maingate
Joining with Sierra Wireless enables us to accelerate our growth in Europe and broaden our customer base. Enterprises throughout Europe are looking for efficient ways to connect their assets and digitize their businesses, and the combined offering from Sierra Wireless and Maingate is the perfect solution for that.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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