Ericsson completes acquisition of smart grid communications provider
(Thomson Reuters ONE) -
* Ambient's innovative platform enables utilities to deploy and integrate
multiple smart grid applications and technologies, in parallel on a single
communications infrastructure
* As part of Ericsson, Ambient's platform will help utilities to maximize
their investments in smart grids
* Ambient will be integrated into Ericsson's Global Services organization,
which employs 64,000 services professionals based in 180 countries
Ericsson (NASDAQ: ERIC) today announced it has completed the acquisition of
Ambient Corporation, a US-based award-winning provider of smart grid
communications technology for utilities. Ambient's innovative platform enables
utilities to deploy and integrate multiple smart grid applications and
technologies, in parallel on a single communications infrastructure. The
acquisition increases Ericsson's ability to help utilities maximize their
investments in smart grids.
Ambient also provides product and software maintenance and implementation
services, as well as a variety of smart grid consulting services related to
product development, network management, and smart grid architecture and
deployment.
Ambient will be integrated into Ericsson's Global Services organization, which
employs 64,000 services professionals based in 180 countries and speaking more
than 100 languages. Around 16,000 of these employees are Consulting and Systems
Integration (CSI) professionals who deliver more than 1,500 CSI projects in
multivendor and multi-technology environments every year.
As a global communications leader with extensive multivendor systems integration
experience, Ericsson is well placed to partner with utilities as they transform
their electricity distribution grids into smart grids.
Magnus Mandersson, Executive Vice President and Head of Business Unit Global
Services at Ericsson, says: "At Ericsson we are increasingly using our
experience in communications and providing managed services for networks that
serve more than 1 billion subscribers worldwide to assist partners and customers
in the utilities sector. We're helping utilities to adopt new types of
applications and enable new business models, and I believe Ambient could make a
big contribution to that effort."
The Ambient smart grid communications platform, which includes hardware and
software elements, provides utilities with an efficient, secure, two-way, open
IP network architecture. The platform supports multiple communications
technologies in parallel, including cellular, Wi-Fi, radio frequency (RF) and
power line communications (PLC), and also provides serial and Ethernet
connections. The platform enables the integration of various smart grid
applications, such as smart metering, demand response, distribution automation
and monitoring, and direct load control into a common infrastructure.
NOTES TO EDITORS
About Ambient Corporation
Founded in 1996, Ambient has been focused on the collaborative development of
smart grid technology and communication solutions since 2000.
Ambient believes that effective and efficient smart grid technology
communications are at the heart of revolutionizing the grid and will transform
it into an efficient energy service platform. The smart grid will address the
current shortcomings of our aging grid and deliver significant benefits to
utilities and energy consumers, including reduced costs, increased power quality
and reliability, accommodation of renewable energy technologies, consumer
empowerment over energy consumption and a universal platform for continued
integration of new technologies.
Ambient® is headquartered in Newton, Massachusetts with a satellite office in
Europe.
www.ambientcorp.com
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backgrounder.pdf
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Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with every
major telecom operator in the world allow people, businesses and societies to
fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With more than 110,000 professionals and customers in 180 countries, we combine
global scale with technology and services leadership. We support networks that
connect more than 2.5 billion subscribers. Forty percent of the world's mobile
traffic is carried over Ericsson networks. And our investments in research and
development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
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Ericsson completes acquisition of smart grid communications provider:
http://hugin.info/1061/R/1859937/651833.pdf
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Datum: 01.10.2014 - 11:00 Uhr
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