Ericsson acquires HyC
December 21, 2007
Ericsson has acquired HyC Group, a leading Spanish company in TV consultancy and systems integration. The acquisition further strengthens Ericsson’s position in the services and multimedia domains as a systems integrator of IPTV solutions.
The HyC acquisition follows Ericsson’s acquisition of Tandberg Television, provider of advanced video compression technologies, at the beginning of the year.
Hans Vestberg, Executive Vice President, Chief Financial Officer, and Head of Global Services at Ericsson, says: “Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson. I am pleased to announce this acquisition as it will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC’s skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering.”