Ericsson acquires smart grid provider

02 October 2014

Ericsson has completed the acquisition of US-based smart grid communications provider, Ambient Corporation, as the Swedish vendor looks to grow its utilities service offering.

Ambient technology enables utilities to integrate multiple smart grid applications on a single platform. The company also provides product and software maintenance and implementation services, as well as a number of consulting services around product development, network management and smart grid architecture.

Ambient will be fully merged into Ericsson’s Global Services unit – which comprises 64,000 employees across 180 countries – and Ericsson hopes the acquisition will increase its ability to help utilities maximise their investments in smart grids.

"At Ericsson we are increasingly using our experience in communications and providing managed services for networks that serve more than 1 billion subscribers worldwide to assist partners and customers in the utilities sector," said Magnus Mandersson, EVP and head of business unit Global Services at Ericsson.

"We are helping utilities to adopt new types of applications and enable new business models, and I believe Ambient could make a big contribution to that effort," he added.

In November last year, Ericsson partnered with Australian energy distribution firm SP AusNet to develop, implement and support the company’s smart meter programme in the country.

Topics: Ericsson, Ambient, Sweden, US, acquisition, utilities, smart meter, services, global