Ericsson Acquires Cradlepoint for USD 1.1B

September 18, 2020

Ericsson has agreed to acquire Cradlepoint, a U.S.-based leader in wireless edge WAN and 4G/5G enterprise solutions, for an enterprise value of USD 1.1 billion. Cradlepoint will operate as a fully owned subsidiary headquartered in Boise, Idaho and will join Ericsson's Business Area Technologies & New Businesses to strengthen Ericsson's 5G Enterprise portfolio.

Buyers
Ericsson
Targets
Cradlepoint
Location
Idaho, United States
Transaction Type
Buyout

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