Aeris Acquires Ericsson’s IoT and Vehicle Cloud Businesses
Aeris, a leading provider of Internet of Things (IoT) technology and services, has announced the acquisition of Ericsson’s IoT and Vehicle Cloud businesses. The acquisition will enable Aeris to expand its IoT offerings and strengthen its position in the connected vehicle market.
The Ericsson IoT and Vehicle Cloud businesses provide a range of services, including connectivity management, application development, and data analytics. These services are used by a variety of industries, including automotive, transportation, and logistics.
With the acquisition, Aeris will be able to offer its customers a more comprehensive suite of IoT services, including connectivity management, device management, and data analytics. This will enable Aeris to provide end-to-end solutions for its customers, from device connectivity to data analysis and insights.
The acquisition will also strengthen Aeris’ position in the connected vehicle market. The Ericsson Vehicle Cloud business provides a range of services for connected vehicles, including remote diagnostics, over-the-air software updates, and predictive maintenance. These services are critical for the automotive industry, as they enable manufacturers to improve vehicle performance, reduce downtime, and enhance the overall customer experience.
Aeris has been a leader in the IoT market for over a decade, providing connectivity solutions for a variety of industries, including healthcare, energy, and transportation. The acquisition of Ericsson’s IoT and Vehicle Cloud businesses will enable Aeris to expand its offerings and provide even more value to its customers.
In a statement, Marc Jones, CEO of Aeris, said, “We are excited to welcome the Ericsson IoT and Vehicle Cloud businesses to the Aeris family. This acquisition will enable us to provide our customers with a more comprehensive suite of IoT services and strengthen our position in the connected vehicle market. We look forward to working with the talented team at Ericsson and continuing to innovate in the IoT space.”
The acquisition is expected to close in the first quarter of 2021, subject to regulatory approvals. Financial terms of the deal were not disclosed.
In conclusion, the acquisition of Ericsson’s IoT and Vehicle Cloud businesses by Aeris is a significant development in the IoT market. It will enable Aeris to expand its offerings and provide end-to-end solutions for its customers, while also strengthening its position in the connected vehicle market. This acquisition is a testament to the growing importance of IoT technology and its potential to transform industries across the board.