Aeris acquires IoT-A and Connected Vehicle Cloud units of Ericsson

By on    Auto and Transport Industry News  

Aeris acquires IoT-A and Connected Vehicle Cloud units of Ericsson

Aeris, a US-based Internet of Things (IoT) solutions provider, has wrapped up the previously announced acquisition of Ericsson’s IoT accelerator (IoT-A) and Connected Vehicle Cloud (CVC) businesses and associated assets. The financial terms of the December 2022 announced deal were not disclosed. Ericsson will take a minority stake in the enlarged Aeris. The Swedish telecommunications […]

ADT to acquire residential rooftop solar contractor Sunpro Solar for $825m

By on    Energy Industry News  

ADT to acquire residential rooftop solar contractor Sunpro Solar for $825m

ADT, a Florida-based provider of smart home and small business security services, has agreed to acquire Sunpro Solar, a residential rooftop solar contractor, for approximately $825 million. The consideration will be made partly in cash of $160 million and around 77.8 million shares of ADT. Post-acquisition, Sunpro Solar will be rebranded as ADT Solar. The […]