Ericsson acquires leading network solutions provider Cradlepoint for $1.1 bn

Ericsson has acquired Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions, for $1.1B. The combined offering will support full 5G-enabled network services, creating new revenue streams for enterprise customers. The transaction will close before the Q4 2020 end, subject to closing conditions. With this acquisition, Cradlepoint will become a fully-owned subsidiary of Ericsson, while continuing to operate under its existing brand.

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