Sierra Wireless Announces Acquisition of AirLink Communications, Inc.

admin — Wed, 07 Mar 2007 13:45:05 +0000

March 6, 2007 -- VANCOUVER, BRITISH COLUMBIA – Sierra Wireless, Inc. (NASDAQ: SWIR, TSX: SW) announced today a definitive agreement to acquire AirLink Communications, Inc. (“AirLink”), a privately-held developer and supplier of high value fixed, portable and mobile wireless data solutions for industrial and public safety applications.

AirLink, founded in 1993, is located in Hayward, California and currently has 50 full time employees. The company has achieved solid growth with revenues of $24.8 million in 2006, compared to $19.8 million in 2005. AirLink had earnings from operations of $3.9 million in 2006 and gross margin of 44%. The company’s unaudited results are reported in US dollars and in accordance with United States generally accepted accounting principles. » read more »