Sierra Wireless, Inc. Completes Acquisition of AirLink Communications, Inc.
Press release date: May 25, 2007
VANCOUVER, May 25: Sierra Wireless, Inc. (NASDAQ: SWIR)(NASDAQ:TSX:)(NASDAQ:SW) announced today that it has completed the acquisition of 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 achieved solid growth with revenue 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%.