Aeris Communications, Inc. entered into an agreement to acquire IoT Accelerator and Connected Vehicle Cloud Businesses from Telefonaktiebolaget LM Ericsson (publ) (OM:ERIC B) on December 7, 2022. Ericsson's IoT employees to become part of Aeris at the closing of the transaction. The transaction is expected to close in the first quarter of 2023. Steven E. Bochner, Melissa V. Hollatz, Broderick K. Henry, Michael J. Murphy, Barath R. Chari, Gregory P. Broome, M. Madeleine Boshart, Rebecca L. Stuart, Kimberley Biagioli, Deirdre Carroll, Joshua F. Gruenspecht, Seth Cowell, Anne E. Seymour, James P. McCann, Martin R. Sul and Matt Staples of Wilson Sonsini Goodrich & Rosati acted as legal advisor to Aeris Communications, Inc. Ashwath Rau and Kashish Bhatia of AZB & Partners acted as legal advisor to Telefonaktiebolaget LM Ericsson.

Aeris Communications, Inc. completed the acquisiiton of IoT Accelerator and Connected Vehicle Cloud Businesses from Telefonaktiebolaget LM Ericsson (publ) (OM:ERIC B) on March 31, 2023.