Aeris to acquire IoT business from Ericsson, terms not disclosed

Aeris Communications and Ericsson have signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses. The combination of Aeris and Ericsson’s IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries, and provide IoT connectivity, software and solutions to thousands of enterprises. The new Aeris will be able to offer an extensive IoT technology stack, brought to the market through a strong ecosystem of channel partners, communications service providers and our direct sales organizations. The transaction is expected to close in the first quarter of 2023 and includes the transfer of employees from Ericsson to Aeris. In addition, Ericsson intends to support Aeris with transition services and will acquire a minority stake in the company.