Aeris Communications has acquired Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses as it looks to create new revenue streams for its channel partners.
Ericsson’s IoT Accelerator is used by over 9,000 enterprises to manage around 95 million connected devices with 22 million eSIM connections globally.
Together, Aeris’ and Ericsson’s IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries.
Åsa Tamsons, Head of Business Area Technologies & New Businesses at Ericsson, said: “Despite investments to address the fragmentation of the IoT market, Ericsson has only tapped into a limited part of the value chain, limiting the returns of such investments.”
Ericsson’s IoT employees will become part of Aeris at the closing of the transaction which is expected in Q1 2023. Ericsson will acquire a small stake in the company.