Wavecom to Buy Sony Ericsson's M2M for €32.5 Million

Paris -- Wavecom, a France-based provider of embedded wireless
communications platforms, announced that it has agreed to pay
about €32.5 million in cash for M2M Communications, a U.S.-
based subsidiary of Sony Ericsson Mobile Communications that
develops machine-to-machine wireless communications
technology. M2M specialises in automotive and industrial wireless
communication products. "This event marks the first consolidation
of two major players in the wireless M2M space," said Wavecom
CEO Ron Black. "It will strengthen the industry and should
accelerate the adoption of industry standards which are needed to
stimulate overall market growth."
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