Ericsson To Buy Wireless Networking Firm Cradlepoint In $1.1 Bln Deal

“We have a good process where we are continuously scanning the market,” Mellander said, describing Ericsson as an active but disciplined player.

The transaction, which is expected to close before the end of this year, will dent Ericsson’s operating margins by about 1% in 2021 and 2022. The company expects the takeover to start contributing to operating cash flow from 2022.

Ericsson said its 2022 group financial targets remain unchanged. It had reported higher than expected quarterly core earnings in July, helped by a rise in 5G network sales and software revenue.

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