Sierra Wireless Completes Divestiture of Offender Monitoring Business for US$37.6 Million

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Apr 18, 2022

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) (the “Company”), a world leading IoT solutions provider, today announced it has signed and closed a definitive agreement to divest its Omnilink offender monitoring business for US$37.6 million in cash. The purchaser of the business is Anaheim-based Sentinel Advantage LLC which is wholly owned by Bison Capital Asset Management LLC.