C26 Business combinations
Acquisitions and divestments
Acquisitions
Acquisitions 2015–2017
| 2017 | 2016 | 2015 | ||||||||||
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Total consideration, including cash |
62 | 920 | 2,119 | |||||||||
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Acquisition-related costs1) |
49 | 4 | 19 | |||||||||
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Net assets acquired |
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Cash and cash equivalents |
— | 139 | 271 | |||||||||
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Property, plant and equipment |
12 | 19 | 45 | |||||||||
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Intangible assets |
101 | 817 | 445 | |||||||||
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Other assets |
1 | 290 | 572 | |||||||||
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Other liabilities |
25 | –290 | –379 | |||||||||
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Total identifiable net assets |
139 | 975 | 954 | |||||||||
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Goodwill2) |
–77 | –55 | 1,165 | |||||||||
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Total |
62 | 920 | 2,119 | |||||||||
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| 1) | Acquisition-related costs are included in Selling and administrative expenses in the consolidated income statement. |
| 2) | Of which SEK 0 (585) million was acquired goodwill and SEK –77 (–640) million refers to a reclassi-fication when the preliminary purchase price allocations were finalized between the years. |
In 2017, Ericsson made acquisitions with a negative cash flow effect amounting to SEK 62 (781) million.
Divestments
Divestments 2015–2017
| 2017 | 2016 | 2015 | ||||||||||
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Proceeds |
459 | 25 | — | |||||||||
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Net assets disposed of |
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Property, plant and equipment |
62 | 36 | — | |||||||||
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Investments in joint ventures and associated companies |
— | 15 | — | |||||||||
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Goodwill |
45 | |||||||||||
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Other assets |
219 | 5 | 52 | |||||||||
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Other liabilities |
–180 | –114 | –3 | |||||||||
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| 146 | –58 | 49 | ||||||||||
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Net gains/losses from divestments |
313 | 83 | –49 | |||||||||
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Less Cash and cash equivalents |
— | — | — | |||||||||
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Cash flow effect |
459 | 25 | — | |||||||||
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In 2017, the Company made divestments with a cash flow effect amounting to SEK 459 (25) million.
Acquisitions 2015–2017
|
Company |
Description |
Transaction date |
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|
Nodeprime |
A US based software development company with an infrastructure management platform. | Apr 2016 | ||
|
Ericpol |
A software development company in Poland within telecommunications. | Apr 2016 | ||
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FYI Television |
A US based premier entertainment metadata and rich media content supplier. | Jan 2016 | ||
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Envivio |
A US-based company with competence in software-defined and cloud-enabled architectures for video processing. | Oct 2015 | ||
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ICON |
A consulting and systems integration business with approximately 250 employees and consultants. | Aug 2015 | ||
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Sunrise technology |
A business delivering complex IT solutions. | Jul 2015 | ||
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Timelessmind |
A Canada-based consulting and systems integration business specializing in operations and business support (OSS/BSS). | Apr 2015 | ||
Divestments 2015–2017
|
Company |
Description |
Transaction date |
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|
Power Modules |
A divestment of the power modules business. |
Sep 2017 | ||
|
Birla Ericsson Optical Ltd |
A divestment of the shares in the associated company. |
Jul 2016 | ||