Netgear buys Sierra Wireless' AirCard unit

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Sierra Wireless will be a very familiar name to many travelers who've depended on a hotspot or modem to keep their laptop online. Let's hope they aren't overly comfortable with the brand: Netgear just snapped up the assets of Sierra Wireless' AirCard business, which covers many of the portable 3G and 4G devices we hold dear. The $138 million, 160-employee deal gives Netgear the resources it wants to make a big push into LTE access devices. Sierra Wireless, meanwhile, is blunt in describing the handover as a cash grab: the agreement gives it "significant financial resources" for improving its embedded modules and machine-to-machine devices. The deal should thus make sense for both sides as long as it completes in March, although we can't help but feel that it's the end of an era for jet set data users.

acquisition, deal, hotspot, minipost, modem, netgear, router, SierraWireless