Sierra Wireless, a provider of fully integrated device-to-cloud solutions for the Internet of Things, has completed the acquisition of GlobalTop Technology’s GNSS embedded module business for $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 $5 million in revenue in the last 12 months, and the business is break-even, Sierra Wireless said.
“Building on our portfolio of cellular, Wi-Fi and Bluetooth modules, we will have additional products to offer to our customers in markets where positioning data is critical, including high-value asset tracking, telematics, drones and automotive,” said Dan Schieler, senior vice president and general manager of OEM Solutions for Sierra Wireless.
GlobalTop GNSS modules include the Firefly, Ivory and Hummingbird series (GNSS standalone), and the Titan and Ladybird (GNSS with antenna). GlobalTop launched the Titan X1 module in February.
“With a wide array of modules and established sales channels, as well as a proven engineering team, we believe that the GlobalTop GNSS business is an important addition to Sierra Wireless,” Schieler said.