Ericsson has signed an agreement to acquire Telenor Connexion’s M2M (machine-to-machine) technology platform.
Telenor Connexion is wholly owned by Telenor Group, a mobile operator with 203 million mobile subscribers.
Ericsson said that the acquisition follows the company’s strategy to drive the market for M2M communication, adding technology and know-how from eleven employees that will be transferred as part of the deal.
In addition, Telenor Connexion is the first customer to Ericsson on its Device Connection Platform, a service launched during the Mobile World Congress in February.
The Device Connection Platform offers telecom operators a way to set up tailored M2M services for enterprise customers and is brought to market with a Software-as-a-Service business model, providing a low initial investment in technology and a fast time to market, said the company.
Mobile connectivity is used in several M2M solutions such as smart meters and fleet management. It is useful in all products with software, which can be easily upgraded if they were connected to a mobile network.
Telenor Connexion CEO Per Simonsen said M2M offerings have gained momentum and the market is much more mature compared to when they formed Telenor Connexion in 2008.
"Utilizing our offering on Ericsson’s platform means that we can focus our resources on value adding services, improved and customized products, and partnerships to further strengthen our position as the provider of premium M2M solutions for business and life critical applications," Simonsen said.
