Semtech closes $1.2bn Sierra Wireless deal to pair LoRa and cellular in 10x IoT market

US firm Semtech has concluded its acquisition of Canada’s Sierra Wireless for $1.2 billion, nearly doubling its annual revenue. The deal, announced in August last year, brings together Semtech’s LoRa/LoRaWAN property, enabling non-cellular low-power wide-area (LPWA) IoT in unlicensed spectrum, with Sierra Wireless’ well-established cellular-based IoT business, offering the both low-power and higher-performance IoT in…