Ericsson to acquire IT services capabilities from Devoteam in France

Mon Jan 21, 2013 12:14pm EST

* Reuters is not responsible for the content in this press release.

  STOCKHOLM, SWEDEN, Jan 21 (Marketwire) -- 

* Ericsson to strengthen its consulting and systems integration
capabilities with the acquisition in France of Devoteam Telecom & Media

     * 400 skilled IT-services professionals to join Ericsson

     * Completion of the acquisition is expected by the beginning of Q2, 2013

    Ericsson (NASDAQ: ERIC) today announces its intention to acquire Devoteam
Telecom & Media operations in France. Devoteam is a leader in Information
and Communications Technology consulting with 5000 employees in Europe,
Middle East and Africa.

    The completion of the acquisition is subject to consultation and customary
closing conditions. It is expected to take place by the beginning of Q2,
2013.

    The deal will see 400 skilled, France-based, IT services professionals
join Ericsson. It includes also the acquisition of TV SmartVision
operations.

    Devoteam Telecom & Media's main competences are in the areas of consulting
and systems integration for operations and business support systems,
service delivery platforms and applications, IP Multimedia Subsystems, IP
and radio networks and TV. The acquisition complements Ericsson's
existing strengths in these fields, both in the operator and media
segments.

    The acquisition is in line with Ericsson's services strategy to broaden
its IT 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," says
Magnus Mandersson, Ericsson's Executive Vice President and Head of
Business Unit Global Services. "It is further proof of Ericsson's
commitment to act as the partner of choice for the business
transformation currently taking place within the telecommunications
industry."

    Derek Nutley, Telecoms Director at Devoteam declared: "This transaction
fits with Devoteam's 2015 strategic plan. It will allow us to focus more
on innovation around the Devoteam's value proposition. 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. I am convinced that the teams of Devoteam Telecom & Media
in France will benefit from Ericsson's end-to-end know-how, scale and
global presence."

    To enable customers to transform their operations and IT environments and
to improve the user experience, increase efficiency and enable service
innovation, Ericsson offers a combination of strong services capabilities
and a comprehensive software portfolio. Ericsson has 12,000 consulting and
systems integration professionals who deliver more than 1,500 consulting,
systems integration and learning services projects in multivendor and
multi-technology environments each year.

    NOTES TO EDITORS

    Photo and profile of Magnus Mandersson:
http://www.ericsson.com/thecompany/corporate_governance/company_management/
magnus_mandersson

    Press backgrounder Consulting and Systems Integration:
http://www.ericsson.com/res/thecompany/docs/press/backgrounders/csi_press_backgr
under.pdf

    Press backgrounder Global Services:
http://www.ericsson.com/res/thecompany/docs/press/backgrounders/global_services_
ress_backgrounder.pdf

    Download high-resolution photos and broadcast-quality video at
www.ericsson.com/press

    Ericsson is the world's leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely,
in sustainable societies around the world.

    Our offering comprises services, software and infrastructure within
Information and Communications Technology for telecom operators and other
industries. Today more than 40 percent of the world's mobile traffic goes
through Ericsson networks and we support customers' networks servicing
more than 2.5 billion subscribers.

    We operate in 180 countries and employ more than 100,000 people. Founded
in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the
company's net sales were SEK 226.9 billion (USD 35.0 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.

    www.ericsson.com

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    www.youtube.com/ericssonpress

    Ericsson acquires Devoteam PDF:
http://hugin.info/1061/R/1671925/543532.pdf

    This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients. The owner of this announcement warrants that: (i) the
releases contained herein are protected by copyright and  other
applicable laws; and (ii) they are solely responsible for the content,
accuracy and  originality of the information contained therein.

    Source: Ericsson via Thomson Reuters ONE [HUG#1671925]

    

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com

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