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Sierra completes sale of automotive production line to Fibocom

Thursday 19 November 2020 | 09:25 CET | News
Sierra Wireless has completed the sale of its automotive embedded module product line in Shenzhen, China, for USD 165 million, including USD 19 million in cash. The purchaser is Rolling Wireless, a consortium led by Fibocom Wireless, also based in Shenzhen. About 150 employees, located in Mainland China, Europe and in the Asia Pacific region, will become employees of Rolling Wireless.

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Categories: Mobile & Wireless
Companies: Sierra Wireless
Countries: China / World
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