Ericsson closes acquisition of M2M technology platform from Telenor Connexion

announced that it completed the asset purchase agreement to acquire Telenor
Connexion’s M2M (machine-to-machine) technology platform, previously announced
on April 19, 2011.

acquisition follows Ericsson’s ambition to drive the market for M2M
communication, adding valuable technology and know-how from ten employees that
are being transferred as part of the deal.

M2M service, the Device Connection Platform, offers telecom operators a way to
set up tailored M2M services for enterprise customers and is brought to market
as a service providing a low initial investment in technology and a fast time
to market.

are happy to welcome the employees today working with Telenor Connexion’s M2M
technology platform. They are together with the technology platform important
to us as our ambition is to grow the M2M market, offering our customers a
solution that they can quickly use on the market for a low initial investment,”
said Magnus Furustam, vice president, Head of Core & IMS at

mobile connectivity is used in several M2M solutions such as smart meters and
fleet management and is useful in all products with software, which can be
easily upgraded if they were connected to a mobile network.

The acquisition
includes Telenor Connexion’s M2M technology platform and transfer of ten
employees who will continue to work with development of the service offering
provided on Ericsson’s Device Connection Platform. Telenor Connexion also
becomes the first customer to Ericsson on the platform. No financial details
about acquiring the assets have been announced.

By Team
[email protected]