Ericsson announced the acquisition of TUSC, an Australian company that specializes in systems integration for telecommunications, utilities and enterprises. TUSC, which has around 80 employees, is a subsidiary company of Allied Technologies Group, listed on the Australian stock exchange. Financial terms were not disclosed.
Ericsson said this acquisition illustrates its ambition to further strengthen and develop its position within telecommunications services and the focus areas of systems integration, telecom management and operational support systems (OSS). The TUSC acquisition also allows Ericsson to diversify its customer base into a closely related sector — utilities.
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- In October 2005, Ericsson agreed to acquire most of Marconi for approximately £1.2 billion (US$2 billion). The deal, which continues the trend of consolidation in the industry, gives Ericsson access to a more comprehensive portfolio of solutions, an expanded R&D capability, and strategically important customer accounts worldwide.