Aeris to Acquire IoT Business from Ericsson - Seite 2

Ericsson IoT Accelerator is used by more than 9,000 enterprises to manage more than 95 million connected devices with 20 million eSIM connections globally. These enterprises and connections leverage Ericsson's growing ecosystem of over 35 communication service provider partners for global cellular connectivity.

Connected Vehicle Cloud is the most complete connected car platform on the market today, with frontrunners in automotive IoT using it to connect six million vehicles and counting across 180 countries.

The transaction is expected to close in the first quarter of 2023 and includes the transfer of employees from Ericsson to Aeris. In addition, Ericsson intends to support Aeris with transition services and will acquire a minority stake in the company.

ABOUT AERIS:

Founded in 1996, Aeris is a global IoT solutions provider with a proven history of helping companies unlock the value of IoT. For decades, we have powered critical projects for some of the most complex customers of IoT services. Aeris strives to fundamentally improve businesses by dramatically reducing costs, accelerating time-to-market, and enabling new revenue streams. Built from the ground up for IoT and road tested at scale, Aeris’ offering is based on the broadest technology stack in the industry, spanning connectivity up to vertical applications. As veterans of the industry, we know that implementing an IoT solution can be complex, and we pride ourselves on making it simpler. www.aeris.com

ABOUT ERICSSON: Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20221207005574/en/

The Telefon L.M.Ericsson (B) (B) Stock at the time of publication of the news with a fall of -1,39 % to 6,38EUR on Nasdaq stock exchange (07. Dezember 2022, 02:00 Uhr).