Fibocom Wireless to Acquire Sierra Wireless Automotive Embedded Modules Business

July 30, 2020 Tiera Oliver

Fibocom reached an agreement with three investment institutions to acquire the automotive embedded module product line of Sierra Wireless through its joint venture company.

Fibocom signed an agreement with three professional investment institutions, namely SHENZHEN CAPITAL GROUP CO., LTD., Shenzhen Jianxin Huaxun Equity Fund Management Co., and Shenzhen Qianhai Red Earth M&A Fund Partnership (Limited Partnership), planning to jointly increase investment in Rolling Wireless Technology Co., Limited, a joint venture company invested by the four parties. The funds will be used for the acquisition of the automotive embedded module assets of Sierra Wireless through Rolling Wireless (H.K) Limited, the subsidiary of Rolling Wireless Technology Co., Limited. After the acquisition, the joint venture company Rolling Wireless (H.K.) Limited will operate the global automotive embedded module business independently.

According to the company, this move will strengthen Fibocom's industrial advantage in the IoT sector and will help to further enhance its global market share in the automotive embedded module business.

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About the Author

Tiera Oliver, edtorial intern for Embedded Computing Design, is responsible for web content edits as well as newsletter updates. She also assists in news content as far as constructing and editing stories. Before interning for ECD, Tiera had recently graduated from Northern Arizona University where she received her B.A. in journalism and political science and worked as a news reporter for the university's student led newspaper, The Lumberjack.

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