Ericsson (ERIC) Reports Acquisition of Genaker

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Go back to Ericsson (ERIC) Reports Acquisition of Genaker

Ericsson to Acquire Genaker to Strengthen Mission Critical Push-to-talk Offering

March 12, 2020 4:13 AM EDT

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,... More