Ericsson completes transfer of IoT business to Aeris
By MYBRANDBOOK
Ericsson has confirmed the finalization of the transfer of its IoT Accelerator and Connected Vehicle Cloud businesses, along with their associated assets, to Aeris. Ericsson has also obtained a minor share in Aeris as part of the agreement. Aeris will integrate the Ericsson IoT and Connected Vehicle businesses to create the new Aeris. With this transfer, Ericsson has created a leader in the fragmented IoT market.
Bridge Alliance, one of Aeris' new global partners, said it looks forward to working with Aeris and leveraging its extended IoT portfolio and industry offerings to bring value-added service to enterprise customers through alliance members.
Ericsson and Aeris Communications signed an Agreement to transfer Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses in December 2022. Aeris is a leading Internet of Things (IoT) solutions provider based in San Jose, California. Ericsson IoT Accelerator is used by over 9,000 enterprises to manage more than 95 million connected devices with 22 million eSIM connections globally.
In addition, Aeris's and Ericsson's IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries.
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