Ericsson will transfer its 2G and 3G development units in Linköping and Gothenburg, Sweden to Combitech, a technology consulting firm. About 300 employees will be transferred. Financial terms were not disclosed.
Ericsson said it remains committed to its 2G and 3G portfolio but will consolidate development of these technologies to fewer sites, in line with its R&D strategy.
Hans Torin, President and CEO, Combitech, says: “This agreement will strengthen our long-term strategy within digitalization, Cyber Security and Internet of Things. The new competence we will bring onboard from Ericsson will strengthen our capabilities in communication technologies and bring new market opportunities.”
The agreement is expected to be effective October, 2016, subject to customary regulatory approvals. Approximately 300 employees will transfer from Ericsson to Combitech.
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