Sierra Wireless announced that it has completed the acquisition of the embedded GNSS module business from GlobalTop Technology for approximately $3.2 million.
GlobalTop’s GNSS embedded module portfolio will become part of the Sierra Wireless OEM Solutions product line, and the GNSS staff from GlobalTop will join Sierra Wireless. GlobalTop’s GNSS products generated approximately $5 million U.S. in revenue during the last 12 months, and the business is approximately breakeven.
With a wide array of modules and established sales channels, as well as a proven engineering team, the GlobalTop GNSS business is an important addition to Sierra Wireless. Building on their portfolio of Cellular, WiFi and Bluetooth modules, Sierra Wireless will have additional products to offer to customers in markets where positioning data is critical, including high-value asset tracking, telematics, drones and automotive.
