New Zealand technology firm M2M One NZ has been acquired by Canada-based Sierra Wireless – the world’s leading IoT solutions provider.
Sierra Wireless® offers a broad portfolio of edge-to-cloud solutions, comprised of embedded and networking devices seamlessly integrated with network connectivity services and cloud software. OEMs and enterprises worldwide rely on Sierra Wireless’ 25 years of expertise in delivering fully integrated solutions to reduce complexity, turn data into intelligence and get their connected products and services to market faster. Sierra Wireless, who employ over 1000 people globally and has an annual revenue of $448M USD, made the acquisition to further grow its footprint in the ANZ region.
M2M One NZ provides wireless products and services for the Machine to Machine (M2M) and Internet of Things (IoT) industries. Established in 2015, they are a leading provider of M2M/IoT SIM cards which help SME customers connect devices and wirelessly transmit data in industrial and remote locations.
M2M One NZ, which has offices in Auckland and Christchurch, is led by General Manager Lone Misikini. Under Misikini’s guidance, the acquisition will see M2M One NZ transition its business to focus more broadly on the design and deployment of wireless IoT systems for industries including agriculture, manufacturing, security, mobile payments and transport.
“At a time when we are feeling isolated, we are proud that our capability and the position we have built alongside our customers & strategic partner Spark NZ, has been recognised by one of the biggest wireless technology players in the world,” says Misikini.
“By becoming part of the Sierra Wireless group of companies, we will be able to grow further and both access and accelerate the adoption of the world’s best wireless technology to the benefit of NZ businesses and industry,” he adds.
M2M One NZ is the second ANZ company Sierra Wireless has acquired. In January 2020, Sierra Wireless acquired the M2M Group in Australia for $19.6M USD. M2M One NZ will become part of the ANZ-based M2M Group under Sierra Wireless creating new trans-Tasman opportunities for customers.
Darren Moroney, Vice President Recurring Revenue ANZ, said: “M2M One NZ has a strong management team and solid carrier relations in the region. We hope to build on these foundations and the take up of our IoT services and solutions in New Zealand.”
“As part of the M2M Group, M2M One NZ will have access to a global portfolio of world-class hardware, support and design services to incorporate into the NZ market. Plus, the ability to tap into the knowledge and expertise Sierra Wireless has honed over the past 25 years,” says Moroney.
Moving forward, a core focus of the company will be to scale up its connectivity business and add cloud-based solutions, commonly called ‘device-to-cloud’, including Sierra Wireless’ Octave™ all-in-one IoT solution.
Tony Agar, IoT lead at Spark New Zealand, welcomed the acquisition. “M2M One NZ is a valuable partner and this acquisition will not only strengthen their position in the market, but also create new growth opportunities for Spark and our customers. This is a win-win for innovation and industry in NZ,” Agar said.
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About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is an integrated solution to help a business securely connect edge devices to the cloud, or a software/API service to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT endeavor. Sierra Wireless operates a 24/7/365 Global Network Operation Center (GNOC) and R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.
“Sierra Wireless” and “Octave” are trademarks of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.