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

  • European Mobility-as-a-Service Alliance launched
    October 6, 2015
    Twenty European organisations have joined forces to establish the first Mobility as a Service (MaaS) Alliance. This new initiative will work towards a truly European and common approach to MaaS through public and private stakeholder cooperation, providing the basis for the economy of scale needed for a successful implementation in Europe. The Alliance will be officially launched in the Finnish Pavilion (C37) at the ITS World Congress in Bordeaux on 6 October at 1300. The key concept behind MaaS is to
    Read More
  • Advanced telematics and integration to revolutionise global connected car market
    May 22, 2015
    Advanced infotainment systems, over-the-air (OTA) updates, big data analytics, mobility services and in-car security are key technologies that will shape the global connected car market in 2015. Human machine interface (HMI) input and output solutions, as well as, heads up display (HUD) are set to take centre stage. However, car makers must create consumer-centric HMI solutions that will strike a balance between reducing driver distraction and meeting consumer need for connected services. New analysis f
    Read More
  • Dana increases equity stake in China- and India-based operations
    April 17, 2012
    Dana Holding Corporation has completed two transactions that will enhance its position for further growth in the emerging markets of China and India. The company has increased its stake in Dongfeng Dana Axle Company, a China-based commercial-vehicle axle joint venture, to 50 per cent and has also acquired the commercial-vehicle axle business of Axles India. "We are encouraged by the continued strong performance of the truck and bus markets in China, and of our partner Dongfeng, and look forward to the stren
    Read More
  • Autodesk and Pitney Bowes Software announce strategic alliance
    March 22, 2012
    Autodesk and Pitney Bowes Software have entered into a strategic alliance agreement that will serve as a framework for both companies to provide resources, services and solutions to help infrastructure owners and architecture, engineering and construction (AEC) organisations make more informed decisions and drive greater efficiencies across the plan, design, build, manage lifecycle of infrastructure.
    Read More

Highlighted Content