Ericsson completes Cradlepoint acquisition
Ericsson has completed its acquisition of BAPCO member Cradlepoint, which provides wireless WAN edge 4G/5G solutions for the enterprise market. According to Ericsson, the investment is key to its “ongoing strategy of capturing market share in the rapidly expanding 5G enterprise space.”
Ericsson senior vice president Åsa Tamsons said: "I am very excited to welcome Cradlepoint to the Ericsson family. With its market leading solutions, we are strengthening our enterprise offering and taking an important step to lead the next wave of enterprise network transformation.”
Ericsson acquired Cradlepoint for around one billion US dollars. The latter company will continue operate as a stand-alone subsidiary.
For the latest news from the biggest companies in the sector, register your interest and join us at BAPCO 2021.
Managing Editor, Critical Communications Portfolio
Tel: +44 (0)20 3874 9216