Sequans Communications acquired by Qualcomm

FRANCE Hardware & Electronics / Electronic Components / Semiconductors EV $100–350M

Context

Qualcomm has completed the acquisition of Sequans Communications' 4G IoT technology business, which encompasses a range of technological assets, intellectual property, licenses, and associated human resources related to cellular connectivity technologies. The acquired technologies include LTE-M, NB-IoT, and LTE Cat 1bis solutions, widely used in IoT applications that require low-power consumption and extended network coverage. By integrating these technologies, Qualcomm strengthens its portfolio of connectivity solutions for industrial and embedded markets. The transaction also includes a licensing framework that allows Sequans to continue commercializing its technologies while retaining ownership of its 5G-related developments, which will now be the focus of the company's research and development strategy. For Qualcomm, this acquisition is part of a broader strategy to enhance its IoT solution offerings and consolidate its technological capabilities in edge computing and industrial connectivity.

Sequans Communications, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Sequans Communications is a French semiconductor company that specializes in cellular connectivity technologies for the Internet of Things (IoT). The company designs chips, modules, and software solutions that enable connected devices to communicate via mobile networks. Its focus is on low-power wide-area (LPWA) communications, which cater to equipment that requires reliable, durable, and energy-optimized connectivity. Sequans' activities revolve around solutions for industrial applications and connected infrastructure, particularly in the areas of smart metering, asset tracking, industrial IoT devices, and sensor networks. The company develops technologies that are compatible with cellular standards dedicated to IoT, allowing for the connection of a large volume of devices with stringent cost and power constraints. Sequans has recognized expertise in LTE architecture for IoT and supports an international ecosystem comprising telecom operators, equipment manufacturers, and industrial players. In parallel, the company is investing in next-generation technologies related to 5G to support the evolution of IoT use cases towards more complex and high-performance applications.

Ent. Value

$100–350M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2024

2023

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REFERENCES

Valuation range: EV $100–350M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Sequans Communications by Qualcomm are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: sequans communications

FAQ

What transaction does this page cover?

This page covers Qualcomm’s acquisition of 100% of Sequans Communications, a French company specialised in Electronic Components, in 2024.

How was the acquisition of Sequans Communications by Qualcomm valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $100–350M band. Detailed valuation data is available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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