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Ericsson acquires Cradlepoint for $1.1 billion

Christian Fernsby ▼ | September 18, 2020
Ericsson has agreed to acquire Cradlepoint, a Wireless Edge WAN 4G and 5G Enterprise solutions company.
Cradlepoint   Ericsson
Cradlepoint will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand. Cradlepoint employees will remain within the company, headquartered in Boise, Idaho. It will be part of Ericsson’s Business Area Technologies and New Businesses.

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.