Aeris Acquires Ericsson's IoT Accelerator and Connected Vehicle Cloud Businesses
March 31, 2023
Aeris has closed the acquisition of Ericsson's IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) businesses and related assets; Ericsson will take a small ownership stake in the new Aeris. The deal combines Aeris' IoT platform with Ericsson's IoT and connected-vehicle technology to create a larger global IoT-first connectivity management service platform serving automotive, fleet, utilities, healthcare and other enterprise customers.
- Buyers
- Aeris
- Targets
- Ericsson IoT Accelerator (IoT-A), Ericsson Connected Vehicle Cloud (CVC)
- Sellers
- Ericsson
- Industry
- Cloud & SaaS
- Location
- Sweden
- Transaction Type
- Divestiture
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