Aeris to acquire IoT business from Ericsson
· Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses and related assets to be transferred to Aeris. · Through the transaction, Aeris will become a market leader in IoT with strong synergies to create an unparalleled IoT offering for enterprises and new revenue streams for communications service providers. · Ericsson’s IoT employees to become part of Aeris at the closing of the transaction which is expected in Q1 of 2023. · The divestment and other portfolio adjustments will have a one-off negative EBIT impact of SEK 1.1 billion in Q4 in Ericsson’s Segment Enterprise