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| Ericsson to buy Canadian firm BelAir networks |
| Press Trust of India / New Delhi Feb 22, 2012, 15:44 IST |
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 Telecom equipment maker Ericsson today said it has entered into an agreement to acquire fully privately-held Canadian Wi-Fi company BelAir Networks.
BelAir has approximately 120 employees and all will join Ericsson's global organisation, Ericsson said in a statement.
The company, however, did not disclose financial details of the deal.
"By integrating BelAir Networks' products and competence into Ericsson's existing radio portfolio, we will be able to do this more quickly. We welcome 120 highly skilled people into the company," Ericsson CEO Hans Vestberg said.
The acquisition of BelAir Networks will be part of Ericsson's heterogeneous network strategy to improve the mobile broadband experience by managing co-existence of mobile technologies and Wi-Fi.
Through this transaction, Ericsson will acquire a strong carrier grade Wi-Fi portfolio, technological expertise, IPR, established customer contracts and relationships of BelAir.
Wi-Fi technology is an important part of the overall mobile broadband user experience and is rapidly becoming a standard feature in smartphones, PCs, tablets and in other consumer electronics devices.
The BelAir provides both indoor and outdoor Wi-Fi systems.
"This transaction is a natural step in the continued development of BelAir Networks and we believe that Ericsson presents a strategic and cultural fit," BelAir Networks CEO Bernard Herscovich said.
The acquisition is expected to close during the first half of 2012, the statement said.
The terms of the transaction were not disclosed.
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