Ericsson Acquires Cradlepoint for USD 1.1B
September 18, 2020
Ericsson has agreed to acquire Cradlepoint, a U.S.-based leader in wireless edge WAN and 4G/5G enterprise solutions, for an enterprise value of USD 1.1 billion. Cradlepoint will operate as a fully owned subsidiary headquartered in Boise, Idaho and will join Ericsson's Business Area Technologies & New Businesses to strengthen Ericsson's 5G Enterprise portfolio.
- Buyers
- Ericsson
- Targets
- Cradlepoint
- Industry
- Telecommunications
- Location
- Idaho, United States
- Transaction Type
- Buyout
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