Ericsson’s Connected Vehicle Cloud is an automotive platform offering fleet management systems, OTA updates and telematics capabilities. Despite connecting more than 5.5 million vehicles, the communications service providers announced they will sell their Connected Vehicle Cloud business to Aeris. The transaction is expected to close in the first quarter of 2023, and it further includes Ericsson’s IoT Accelerator unit, a cloud-based connectivity management platform.
The sale has the potential to refocus the internal strategy at Ericsson while doubling down on Aeris’ value proposition as a leading provider of a host of services supporting IoT connectivity. With technology expertise in low- to mid-bandwidth communication, 5G, and eSIMs for global connectivity, among their initiatives, Aeris helps businesses bring new IoT programs to market, as well as replace 2G and 3G technologies by embracing 5G.
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