Ericsson to Divest Swedish Field Services Business to Transtema Group

6 months ago
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Ericsson to Divest Swedish Field Services Business to Transtema Group Image Credit: Ericsson

Ericsson has signed an agreement with the Swedish company Transtema Group to divest Ericsson Local Services AB (LSS), a subsidiary of Ericsson supplying field service operations and maintenance of fixed and mobile networks in Sweden.

Ericsson Local Services is a market leader in field services in Sweden. LSS builds and maintains network infrastructure and delivers services in all areas of Sweden's field service operations market.

Under the agreement, all operations and assets of LSS will be transferred to Transtema ownership. LSS will continue as a legal entity in Transtema Group. As a result of the transaction, Ericsson becomes a minority shareholder and will be represented on the Board of Directors of Transtema Group.

This divestment is in line with Ericsson’s business strategy, a key part of which is Managed Services and operating networks on behalf of our customers. The divestment of LSS is part of executing on that strategy as Ericsson will no longer sell new standalone field services projects.

Per Narvinger, Head of Customer Unit Northern & Central Europe, market Area Europe & Latin America, Ericsson
Ericsson Local Services is a market leader in field service operations in Sweden with a skilled workforce of approximately 700 employees across the country.

Magnus Johansson, CEO Transtema Group
We intend to operate LSS as a separate legal entity within Transtema Group. With LSS experience, competence and customer relations in Sweden they will become the backbone of our field service operations business. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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