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Wireless

Ericsson completes Cradlepoint takeover, adds 700 employees

Tuesday 3 November 2020 | 11:46 CET | News
Ericsson said it has completed the acquisition that it announced last month of Cradlepoint, a US-based provider of wireless WAN Edge 4G and 5G systems for the enterprise market. It said it is welcoming more than 700 Cradlepoint employees to the Ericsson group. At closing, a consideration of around USD 1 billion was paid using Ericsson's cash in hand.

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Categories: Mobile & Wireless
Companies: CradlePoint / Ericsson
Countries: United States / World
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