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Ericsson completes acquisition of software developer Ericpol

Acquisition of Polish and Ukrainian operations of software development company Ericpol, a long-time supplier to Ericsson, is now complete. Approximately 2,000 employees from Ericpol will join Ericsson,bringing software development competence in radio, cloud and IP.
Apr 20, 2016

Ericsson (NASDAQ: ERIC) has completed the acquisition of Ericpol's operations in Poland and Ukraine. Ericpol has been a supplier to Ericsson for over 20 years in the area of software development, during which time Ericsson has been Ericpol’s largest customer by far.

Approximately 2,300 employees in Poland and Ukraine will now join Ericsson, bringing software development competence in radio, cloud and IP, along with a deep knowledge of Ericsson built up through many years of collaboration.

Ericsson has been present in Poland for 112 years. As a result of this acquisition, Ericsson has over 2,900 employees in the country.

In Ukraine, 180 employees will join the existing 170 Ericsson employees. Ericsson has been present in Ukraine since 1893.

Today's closing follows the announcement on October 15, 2015 that Ericsson was entering into an agreement to purchase Ericpol’s Polish and Ukrainian operations.

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Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world’s mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

Ericsson intends to acquire software developer Ericpol