Sierra Wireless Reaches Definitive Agreement to Divest Automotive Embedded Module Product Line for US$165 million | Business Wire
VANCOUVER, British Columbia–(BUSINESS WIRE)–Sierra Wireless (NASDAQ: SWIR) (TSX: SW) (the “Company”), the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced a definitive agreement to divest its Shenzhen, China-based automotive embedded module product line for US$165 million in cash.