STOCKHOLM, March 12, 2020 /PRNewswire/ -- Ericsson (NASDAQ:
ERIC) has signed an agreement to acquire 100 percent of the shares
in Genaker, a provider of Mission Critical Push-to-talk (MC-PTT)
solutions, based in Barcelona,
Spain.
The acquisition strengthens Ericsson's MC-PTT offering as the
mission critical communications and private network market is going
through a significant technology shift. Traditionally, public
safety communications have relied on private land mobile radio
(LMR) networks limited to simple push-to-talk ("walkie talkie")
functionality. With increasing demand for exchange of other types
of data, such as pictures and videos, the legacy LMR networks need
to be replaced, and cellular networks have proven to be the best
fit for existing and emerging requirements.
Ericsson has been a pioneer in Mission Critical Push-to-talk
over 3GPP technology and has been driving the standardization from
the start in 3GPP release 12. Ericsson is now taking the next step
by investing in the MC-PTT applications and clients of Genaker. The
acquisition is a building block in Ericsson's focus on
strengthening service providers' capabilities towards mission
critical users.
Monica Zethzon, Head of Solution Area Communication Services,
Ericsson, says: "We have worked with Genaker as a partner in
Mission Critical Applications for many years and we are now taking
this step to further strengthen our end-to-end offering. We're
really excited that the Genaker team is joining us and that we can
bring the value of their expertise to our customers."
Miquel Teixidor, Co-founder and
Chief Executive Officer, Genaker, says: "It is an honor that
Genaker becomes the base of Ericsson's global MC-PTT offering.
Together we will leverage the best of the two companies, and we're
excited about this opportunity to offer customers around the world
our next-generation MC-PTT solution."
With the ongoing transformation of public safety communications,
new opportunities arise for both telecom service providers and
traditional MC-PTT operators. Ericsson's MC-PTT solution was
recently selected by Southern Linc, a U.S. communications service
provider, who will provide the solution to its utility and public
sector entity customers, as well as selected businesses.
Genaker, located in Barcelona,
Spain, was founded in 2004 and employs around 30 people, all
of whom will transfer to Ericsson as part of the acquisition.
Read more about mission critical communications and private
networks:
Ericsson 5G for business
Ericsson Mission Critical & Private Networks
Ericsson Mission Critical & Private Networks
Communication
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About Ericsson
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business and is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's investments in innovation have
delivered the benefits of telephony and mobile broadband to
billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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Ericsson to acquire
Genaker to strengthen Mission Critical Push-to-talk
offering
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SOURCE Ericsson