M&A Deal Summary

Aeris Acquires Ericsson - IoT Accelerator and Connected Vehicle Cloud businesses

On December 7, 2022, Aeris acquired internet software and services company Ericsson - IoT Accelerator and Connected Vehicle Cloud businesses from Ericsson

Acquisition Highlights
  • This is Aeris’ 1st transaction in the Internet Software and Services sector.
  • This is Aeris’ 1st transaction in Sweden.

M&A Deal Summary

Date 2022-12-07
Target Ericsson - IoT Accelerator and Connected Vehicle Cloud businesses
Sector Internet Software and Services
Buyer(s) Aeris
Sellers(s) Ericsson
Deal Type Divestiture

Target

Ericsson - IoT Accelerator and Connected Vehicle Cloud businesses

Stockholm, Sweden
Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses provide IoT connectivity, software and solutions. Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Aeris

San Jose, California, United States

Category Company
Founded 1992
Sector Internet Software and Services
DESCRIPTION

Aeris is a global network that provides IoT solutions for mission-critical M2M and IoT programs. Aeris Communications IoT platform provides the technical and functional building blocks required to turn unconnected cars, trucks, motorcycles, scooters, and small engines. Aeris was founded in 1992 and is based in San Jose, California.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Ericsson

Stockholm, Sweden

Category Company
Founded 1876
Sector Technology Hardware
Employees92,866
Revenue 247.9B SEK (2024)
DESCRIPTION
Ericsson office in Santa Clara, California.
Ericsson office in Santa Clara, California.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: networks, global services, support solutions, and modems. Ericsson was formed in 1876 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 9 of 10
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 9 of 10
Country: Sweden M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 ConcealFab

Colorado Springs, Colorado, United States

ConcealFab delivers engineering excellence and partners with OEMs in a highly evolving telecom industry. Today, the company's small cell concealment and interference mitigation products line city streets across America and continue to innovate for the future that 5G technologies will deliver. ConcealFab was formed in 2007 and is based in Colorado Springs, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-16 iconectiv

Bridgewater, New Jersey, United States

iconectiv is a provider of IT solutions that enable operators to interconnect networks. iconectiv’s market-leading solutions enable the interconnection of networks, devices, and applications for more than two billion people every day. Working closely with private, government and non-governmental organizations, iconectiv has intimate knowledge of the intricacies and complexities of creating, operating and securing the telecommunications infrastructure for service providers, governments and enterprises. iconectiv is based in Bridgewater, New Jersey.

Sell $1.0B