Ericsson plans to move headquarters to Kista

Ericsson is planning to move its headquarters from Telefonplan in southern Stockholm, to Kista, north of Stockholm. The move is to take place in stages during 2003 and involves approximately 500 employees working within different corporate functions.
Press release
Dec 20, 2002 10:01 (GMT +00:00)
Today, Ericsson is renting the premises at Telefonplan from AP Fastigheter, who bought it from Ericsson in 2000. Ericsson operations remaining at Telefonplan after the move will be among others the sales company for the Scandinavian countries and the Baltic States, Ericsson Sverige AB, Ericsson Enterprise and Ericsson Business Innovation.

In 1940, Ericsson moved its headquarters from Tulegatan in central Stockholm to Telefonplan. During the late 1990's, Ericsson operations in Stockholm have increasingly been concentrated in Kista including e.g. major activities of the business unit Systems as well as research and development. Kista has established itself as the "Mobile Valley" of Northern Europe.

In accordance with the plan, the new address for Ericsson headquarters will be Torshamnsgatan 23, owned by real estate company Drott.

The reason for the move is lowering costs and improved efficiency.

The plan for the move is pending negotiations with the trade unions according to Swedish regulations.