Ericsson acquires Cradlepoint for $1.1 billionChristian Fernsby ▼ | September 18, 2020
Ericsson has agreed to acquire Cradlepoint, a Wireless Edge WAN 4G and 5G Enterprise solutions company.
Topics: Ericsson Cradlepoint
The acquisition price amounts to an enterprise value of USD 1.1 b. with the transaction expected to close before the end of Q4 2020, subject to closing conditions.
The purchase price, which is funded from Ericsson’s cash-in-hand, is paid in full on closing. ■