Telenor Connexion in strategic deal with Ericsson

Having been an early pioneer in the M2M market in automotive, security and smart metering industries, Telenor Connexion developed an advanced M2M dedicated platform in 2009. This platform and managed M2M solutions were subsequently chosen by companies such as Omron, Nissan, TomTom, and Qualcomm for their embedded connectivity solutions. Telenor Connexion has announced the next step in the company's evolution - a strategic deal with Ericsson where Ericsson acquires the advanced M2M platform in order to allow
May 21, 2012 Read time: 2 mins
Having been an early pioneer in the M2M market in automotive, security and smart metering industries, 955 Telenor Connexion developed an advanced M2M dedicated platform in 2009. This platform and managed M2M solutions were subsequently chosen by companies such as 564 Omron, 838 Nissan, 1692 TomTom, and 213 Qualcomm for their embedded connectivity solutions. Telenor Connexion has announced the next step in the company’s evolution - a strategic deal with 5650 Ericsson where Ericsson acquires the advanced M2M platform in order to allow for larger economies of scale.

Telenor Connexion says this aggressive move allows it to free up resources allowing for focus on fulfilling customers’ needs rather than concentrating on the day to day operations of an M2M platform. Less emphasis will be placed on the base systems and more resources will become engaged in developing new value added services per vertical market, improving and customising products, as well as utilising partnerships to complement the M2M development.

“The new direction will enable us to deliver market-making services faster to our rapidly growing customer base,” said Per Simonsen, CEO. “Telenor Connexion has designed and deployed the best in class M2M platform, thereby making it attractive to a company like Ericsson to leverage for their own M2M initiatives. We believe that our increased focus on value added services will address the multiple demands of our customers and allow us to retain our competitive edge. With this strategic development, we will further strengthen our position as the leading provider of premium M2M solutions. It is also a way to continue to differentiate ourselves in the market,” Simonsen added.
Location Based Systems

For more information on companies in this article

Related Content

  • Flir takeover of Traficon and the role of thermal imaging
    February 28, 2013
    Andy Teich, president of commercial systems at Flir, discusses the growing role of thermal technology in ITS and his company’s latest high-profile acquisition with Jason Barnes. Andy Teich, Flir’s president of commercial systems, doesn’t want to talk about infrared (IR). Instead, he’d prefer, he says, to discuss ‘thermal technology’. It is, he explains, to differentiate between the imaging technologies which his company specialises in and the LED illumination of IR cameras, an altogether different beast. Fl
    Read More
  • Connected cars ‘to represent 20% of the global car market by 2019’
    June 4, 2015
    Hi-tech analysts Juniper Research are forecasting that the telematics sector will continue to outperform all other M2M markets over the next five years, in revenue terms, with one in five passenger vehicles connected globally by 2019. Smartphone-based models have become the key disruptor for M2M, as healthcare, consumer electronics and retail continue to evolve. Juniper Research forecasts that the M2M sector will generate service revenues of over $40 billion globally by 2019 - doubling the size of today'
    Read More
  • Orbcomm expands M2M solutions offering
    October 2, 2013
    Machine-to-machine (M2M) solutions supplier Orbcomm has completed the acquisition of Comtech Mobile Datacom Corporation’s (Comtech) sensor enabled notification system (SENS) operation, which includes satellite hardware, network technology and web platforms. This acquisition supports Orbcomm’s multi-network operator strategy and strengthens its position as a provider of satellite and cellular communications for the M2M industry. The opportunity also complements Orbcomm’s recently acquired GlobalTrak busi
    Read More
  • EU triples funding for rail innovation
    December 18, 2013
    The European Commission has adopted Shift2Rail, a new public-private partnership to invest around US$1.3 billion in research and innovation to get more passengers and freight onto Europe's railways. Rail is amongst the most efficient and climate-friendly forms of transport, but currently it only carries about only 10 per cent of European cargo and 6 per cent of passengers each year. Shift2Rail is an ambitious public-private partnership which will manage a seven-year work programme of targeted research an
    Read More

Highlighted Content