Ericsson to Acquire LCC Mobile Network Planning and Field Measurement Product Divisions.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Aug. 26, 1999-- (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ERICY) Ericsson has reached a definitive agreement to acquire the assets of Field Measurement Systems and Network Planning Software divisions of Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). , US-based LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. International Inc. The cash purchase is made for approx. $22 million. With the acquisition, Ericsson will further strengthen its leading portfolio of mobile network design, optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. and quality assurance software and hardware tools, known as TEMS TEMS Terrestrial Ecosystem Monitoring Sites TEMS Tactical Emergency Medical Support TEMS Toyota Electronic Modulated Suspension TEMS Tactical Emergency Medical Services (EMS) TEMS Total Electronic Migration System . The transaction includes the rights to all of LCC's field measurement systems, network planning and performance management software, any related technologies and all patents, copyrights and trademarks associated with the company's products business. Ericsson and LCC have also agreed to enter into a three year product supply agreement for certain field measurement and network optimization products and a license agreement pursuant to which Ericsson will license to LCC network planning software for use in connection with LCC's radio engineering services. Ericsson will also be providing support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to LCC. The LCC products to be acquired are complementary with Ericsson's current TEMS portfolio, both from a strategic and technological point of view. By combining its current TEMS portfolio of tools with the LCC products, Ericsson will achieve a unique leading position to supply the wireless market with products for network design, optimization and quality assurance for all major mobile systems, as well as upcoming third generation (3G) systems. "In addition to further enhancing our capabilities in present field measurement, the expertise and broader product portfolio we are gaining are especially important as we move into third generation wireless systems, where planning, measurement and performance management products are even more critical than in today's mobile networks, " said Christer Edmark, General Manager, Ericsson Quality Improvment Solutions. "With the purchase of the two LCC product divisions, Ericsson has given a clear indication of their intent to be the leading provider of mobile network planning and engineering products," said Mike Bonin, senior vice president of the Field Measurement Group at LCC. "Ericsson's experience in managing large network infrastructure implementation grants the LCC divisions first-hand knowledge of new system feature requirements and future standards." The Field Measurement Systems Division and the Network Planning Software Division acquired by Ericsson together have approximately 140 employees based in McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. , and 45 employees in a Norwegian Norwegian associated in some way with Norway. Norwegian buhund, Norwegian sheepdog a medium-sized (26-40 lb), spitz-type dog with a short, dense coat in wheaten, black, red or sable, sometimes with black markings on the face, ears subsidiary, LCC Europe AS, located in Oslo, Norway. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: http://www.ericsson.se/pressroom |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion