Ericsson
announced a deal to sell its field services operation in Sweden to
local company Transtema Group, a divestment the vendor said falls
in-line with its business strategy.
In
a statement, the vendor explained the deal covers Ericsson Local
Services, a subsidiary which supplies field services operations and
maintenance of fixed and mobile networks in Sweden. As part of the
deal, Transtema Group will acquire all of the unit’s assets and
continue the operation with the existing 700 employees.
Ericsson
said divesting the unit was part of its strategy, “a key part of
which is Managed Services and operating networks on behalf of our
customers”.
The
divestment means Ericsson will no longer sell new stand-alone field
services projects, the vendor added.
In
the past year Ericsson has cut the number of managed services deals
it operates in an attempt to boost profitability in the business.
Per
Narvinger, head of customer unit Northern and Central Europe, market
area Europe and Latin America at Ericsson, said Transtema Group had
an “excellent opportunity to continue to develop field service
operations while also executing on customer commitments”.
A
fee was not disclosed and the deal is expected to close in Q3,
subject to conditions.
Yesterday
(10 July), Ericsson also announced it has rebranded its Media
Solutions business to MediaKind, as it gave a face-lift to the unit
following a recent strategic review.
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