Ericsson to divest its field services business in Sweden to Transtema Group
· Ericsson field services operation in Sweden, Ericsson Local Services AB, to be divested. · Transtema Group AB acquires all assets and continues the operation with the existing approximately 700 employees. · Divestment in line with Ericsson's business strategy.Ericsson (NASDAQ: ERIC) has signed an agreement with the Swedish company Transtema Group AB to divest Ericsson Local Services AB (LSS), a subsidiary of Ericsson supplying field service operations and maintenance of fixed and mobile networks in Sweden. Ericsson Local Services AB is a market leader in field services in Sweden.