M&A Deal Summary

Ericsson Acquires Genaker

On March 12, 2020, Ericsson acquired technology hardware company Genaker

Acquisition Highlights
  • This is Ericsson’s 4th transaction in the Technology Hardware sector.
  • This is Ericsson’s 1st transaction in Spain.

M&A Deal Summary

Date 2020-03-12
Target Genaker
Sector Technology Hardware
Buyer(s) Ericsson
Deal Type Add-on Acquisition

Target

Genaker

Barcelona, Spain
Genaker is an independent company dedicated to developing innovative mobile solutions. Genaker is a recognized brand in the Mission Critical PTT, Business Critical PTT, and LTE sector, based on two business units.

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Buyer(S) 1

Buyer

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 26 of 29
Sector: Technology Hardware M&A 4 of 5
Type: Add-on Acquisition M&A Deals 21 of 23
Country: Spain M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Ericsson - Enterprise and Cloud Billing Business

Stockholm, Sweden

Ericsson's Enterprise and Cloud Billing Business is a charging solution primarily developed to monetize any product or service, including IoT services. The ECB suite is the world leader for customers with complex, multi-party B2B billing requirements and does so without having to reengineer data sources or formats. The software is designed to provide robust monetization capabilities while blending into the customer's existing software and infrastructure.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 CradlePoint

Boise, Idaho, United States

Founded in 2006, Cradlepoint provides wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Buy $1.1B