Ericsson completes Cradlepoint acquisition
Ericsson has completed its acquisition of CCWeek Roundtable sponsor 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.
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