Ericsson has acquired an 84% stake in LHS Aktiengesellschaft, a German provider of telecom billing and customer care systems for wireless, wireline, and IP telecom markets.
In a statement, Ericsson said it has purchased the shares through a voluntary public takeover offer. Pursuant to German takeover law, an acceptance period will run until October 8, allowing all LHS shareholders who have not yet accepted the offer the chance to still do so.
All conditions to the offer have been fulfilled, the firm said.