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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…

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will join Ericsson upon completion of the acquisition. Pending regulatory approval, the transaction is expected to finalize during Q1 2016, Ericsson said.