View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 9, 1989

ERICSSON SWAPS TRAFFIC ARM FOR ELEKTRISK’s TELECOM

By CBR Staff Writer

L M Ericsson Telefon AB is to acquire most of the telecommunications operations of Elektrisk Bureau AS, Oslo, and will sell its road and railway signalling business to the Norwegian company, which is 60%-owned by Asea Brown Boveri Co. The move is in furtherance of Ericsson’s commitment to concentrate on its core business of telecommunications. It is taking the Telenet operations, which develops and makes equipment for digital telephone switches, including a manufacturing plant in Hisy, Norway, and will also buy Elektrisk Bureau’s communications control systems business for military command centres and banks, and a 50% stake in its defence communications business to create a jointly-owned defence communications company in Norway. It also gets the rest of the EB-Ericsson joint venture and the businesses in aggregate employ 700 and do $104m a year. The sign alling business going the other way employs 1,000 people in Sweden, Denmark, Finland, Italy, Spain and Australia and looks to do $118m this year. Ericsson did not say whether any cash would be changing hands.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU