Ericsson To Buy Two Ericpol Operations in Europe

Ericsson plans to purchase the operations of software developer Ericpol in Poland and Ukraine, Ericsson said in a news release Thursday. Ericsson has concluded a preliminary share purchase agreement with Ericpol, it said, and approximately 2,000 of the developer's employees will join Ericsson upon completion of the acquisition. Pending regulatory approval, the transaction is expected to finalize during Q1 2016, Ericsson said.