Sierra Wireless will acquire Vancouver-based In Motion, a mobile enterprise solutions vendor, for $21 million in cash.
In Motion provides rugged in-vehicle mobile routers integrated with a mobile-optimized security system and a management and application platform. The solution enables organizations to connect and manage mobile operations, vehicles, and workforces more efficiently, said Sierra Wireless in a statement.
Sierra Wireless and In Motion will provide device-to-cloud solutions for enterprise customers, from simple gateways to full featured mobile routers, as well as a suite of cloud services and applications. The combined company will hold a leadership position and capabilities in growth segments including public safety, transit, and commercial fleet.
Jason Cohenour, president and CEO of Sierra Wireless, said: “We will have the products, channels, and technology needed to offer the most comprehensive suite of solutions to our customers and expand our market share in high growth, high value markets such as public safety and commercial fleets.”
In 2013, In Motion generated $15 million in revenue and gross margin was 50 percent of revenue.