Ericsson (NASDAQ: ERIC) has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions, as detailed in the company issued press release. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

Latham & Watkins LLP represents Cradlepoint, a leading remote, mobile network semiconductor technology unicorn and a portfolio company of Technology Crossover Ventures and Sorenson Capital, in the cross-border acquisition by Ericsson, one of Sweden’s largest companies and a leading global network semiconducting company. The deal team is led by corporate partner Josh Dubofsky, with associates Sarah Kang, Jana Kovich, Faisal Amin, and Joe Altieri. Advice was also provided on corporate and finance matters by partners Haim Zaltzman and Kathleen Wells; on tax matters by partner Grace Lee; on benefits and compensation matters by partners Ashley Wagner and James Metz; on antitrust matters by partner Joshua Holian; on regulatory matters by partners Les Carnegie and Erin Brown Jones and counsel Rachel Alpert; on intellectual property matters by partner Anthony Klein; and on data privacy matters by counsel Robert Blamires.  All lawyers are based in the firm’s Bay Area offices, with the exception of Ms. Kang, Mr. Amin, Mr. Carnegie, Ms. Brown Jones, and Ms. Alpert in Washington, D.C. and Ms. Kovich in Chicago.