Ericsson IoT Accelerator is used by over 9,000 enterprises to manage more than 95 million connected devices with 22 million eSIM connections globally. Connected Vehicle Cloud is used to connect six million vehicles across 180 countries.
Aeris provides its IoT solution stack to an ecosystem of channel partners, communication services providers and direct sales organisations. Its Intelligent IoT Network targets industry verticals such as transportation, energy, automotive and healthcare. The company has already teamed up with leading communication service providers including Softbank, AT&T, T-Mobile and Vodafone. It is also working with leading automotive OEMs.
Together, the two companies’ platforms will connect over 100 million IoT devices worldwide, covering 190 countries. Through the transaction, Aeris said it aims to become a market leader in IoT, generate strong market synergies and further simplify IoT for 9,400 enterprises by providing them with a global, feature-rich platform with secure, reliable and intelligent solutions.
Åsa Tamsons, head of business area technologies & new businesses at Ericsson, said: “Aeris has been successful in extending its IoT solution offering beyond connectivity and has the right focus, assets, and capabilities to realise the full value creation potential of Ericsson’s IoT business and its strong market presence.
“Despite significant 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. The combined business will offer an unparalleled IoT platform for enterprises and new revenue streams for communication service providers, ultimately benefiting Ericsson’s customers. Aeris is a good home for our IoT business.”
The transaction includes the transfer of Ericsson’s assets and employees in its IoT business to Aeris. In addition, Ericsson intends to support Aeris with transition services and will acquire a small stake in the company. The transaction is expected to close in Q1 2023.
Marc Jones, president and CEO of Aeris said that building the best technology to support customers’ success and drive innovation in the IoT space has always been at the forefront for the company.
“Our intelligent, software defined IoT network and Ericsson’s leading connectivity management platform will provide the leading IoT technology stack in the industry. We look forward to bringing these new, transformational IoT solutions and Ericsson’s IoT Accelerator and Connected Vehicle Cloud products to our customers.”