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Competition authorities approve Transtema's acquisition of LSS
August 1, 2018

Ericsson earlier this month entered an agreement with the Swedish company Transtema Group AB to divest Ericsson Local Services AB (LSS), a subsidiary of Ericsson supplying field service operations and maintenance of fixed and mobile networks in Sweden. Transtema Group AB acquires all assets and continues the operations with the existing approximately 700 employees. The competition authorities approved the acquisition Tuesday and the companies are now ready to close the deal.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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