M&A Deal Summary

Ericsson Acquires Vonage

On November 22, 2021, Ericsson acquired communications company Vonage for 6.2B USD

Acquisition Highlights
  • This is Ericsson’s 5th transaction in the Communications sector.
  • This is Ericsson’s largest (disclosed) transaction.
  • This is Ericsson’s 15th transaction in the United States.
  • This is Ericsson’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2021-11-22
Target Vonage
Sector Communications
Buyer(s) Ericsson
Deal Type Merger
Deal Value 6.2B USD

Target

Vonage

Holmdel, New Jersey, United States
Vonage office in Atlanta, Georgia.
Vonage office in Atlanta, Georgia.
Vonage is a provider of communications services connecting individuals through cloud-connected devices worldwide. Vonage's technology serves approximately 2.3 million subscribers. Vonage was formed in 2000 and is based in Holmdel, New Jersey.

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Buyer(S) 1

Buyer

Ericsson

Stockholm, Sweden
Category Company
Founded 1876
Sector Technology Hardware
Employees97,985
Revenue 263.4B SEK (2023)
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 28 of 29
Sector (Communications) 5 of 5
Type (Merger) 1 of 1
State (New Jersey) 3 of 3
Country (United States) 15 of 16
Year (2021) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS 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
FOLLOWING 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 -
Mergr

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