Ericsson closes acquisition of M2M technology platform from Telenor Connexion
(Thomson Reuters ONE) -
* Acquired assets from Telenor Connexion strengthens Ericsson's M2M
communication offering
* Ericsson's Device Connection Platform allows operators to offer M2M
connectivity beyond smartphones and laptops
* Cloud-based and offered as a service to minimize entry barriers
* Telenor Connexion becomes the first customer to Ericsson on the platform
Ericsson (NASDAQ:ERIC) has today completed the asset purchase agreement to
acquire Telenor Connexion's M2M (machine-to-machine) technology platform,
previously announced on April 19, 2011. The acquisition follows Ericsson's
ambition to drive the market for M2M communication, adding valuable technology
and know-how from ten employees that are being transferred as part of the deal.
Ericsson's M2M service, the Device Connection Platform, offers telecom operators
a way to set up tailored M2M services for enterprise customers and is brought to
market as a service providing a low initial investment in technology and a fast
time to market.
Magnus Furustam, Vice President, Head of Core & IMS at Ericsson, says: "We are
happy to welcome the employees today working with Telenor Connexion's M2M
technology platform. They are together with the technology platform important to
us as our ambition is to grow the M2M market, offering our customers a solution
that they can quickly use on the market for a low initial investment."
Today, mobile connectivity is used in several M2M solutions such as smart meters
and fleet management and is useful in all products with software, which can be
easily upgraded if they were connected to a mobile network.
The acquisition includes Telenor Connexion's M2M technology platform and
transfer of ten employees who will continue to work with development of the
service offering provided on Ericsson's Device Connection Platform. Telenor
Connexion also becomes the first customer to Ericsson on the platform. No
financial details about acquiring the assets have been announced.
Telenor Connexion is wholly owned by Telenor Group, one of the world's major
mobile operators with 127 million mobile subscribers in consolidated operations;
301 million including VimpelCom Ltd (associated company).
Notes to editors:
Previously announced information on Ericsson's acquisitions of Telenor
Connexion's M2M technology platform: http://www.ericsson.com/news/1507369
Ericsson is the world's leading provider of technology and services to telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company's portfolio comprises mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an all-
communicating world" through innovation, technology, and sustainable business
solutions. Working in 175 countries, more than 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York
www.ericsson.com
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations(at)ericsson.com
Press release in PDF:
http://hugin.info/1061/R/1540712/471119.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1540712]
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 58621
Anzahl Zeichen: 4815
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