Ericsson buys French IT consultancy unit
22 Jan 2013, 07:30
Published: 22 Jan 2013 07:30 GMT+01:00
- Samsung hits back at Ericsson in patent battle (26 Dec 12)
- Ericsson to help Volvo cars connect to the net (17 Dec 12)
- Ericsson to slash 1,500 jobs in Sweden (07 Nov 12)
Around 400 France-based IT services professionals will join the company under a deal the company said would strengthen its consulting capabilities.
"Acquiring activities of Devoteam adds unique expertise in complex, strategic and technical consulting engagements that will enable us to immediately enhance the value that we bring to our customers," said Magnus Mandersson, an Ericsson executive vice president.
Ericsson would also acquire Devoteam's TV SmartVision operations.
The value of the transaction, which is expected to take place in the second quarter of 2013, was not disclosed.
"Ericsson is a key business partner of Devoteam - notably in UK and Mediterranean countries - and we hope that this transaction will further strengthen our relationship," said Derek Nutley, telecoms director at Devoteam.
Ericsson said Devoteam has 5,000 employees in Europe, the Middle East and Africa.