Swedish telecom giant Ericsson has finalized the sale of its U.S.-based subsidiary, Iconectiv, a company it originally acquired in 2012. The divestment marks a significant financial move for Ericsson as it continues to streamline its portfolio and focus on its core business areas.
According to a press release, the total value of the transaction—after deduction of expected taxes, transaction costs, and other outstanding debts—is projected to reach approximately 9.9 billion kronor.
Iconectiv, which specializes in information services related to telecommunications, has played an important role in managing network data and ensuring seamless communication across service providers. However, Ericsson’s decision to sell the subsidiary aligns with a broader corporate strategy of prioritizing areas that strengthen its leadership in mobile networks and 5G technologies.
The sale provides Ericsson with fresh capital, which can be reinvested in innovation, research, or debt reduction, strengthening its long-term competitiveness in an increasingly challenging global telecom landscape.
Though the buyer has not been publicly disclosed in Ericsson’s statement, the completed transaction represents a notable reshaping of the company’s U.S. presence more than a decade after the acquisition.
Volvo Trucks North America secured significant order from Averitt Express
Volvo Trucks North America has secured a significant order from Averitt Express, one of the nation’s leading freight transportation and supply chain management companies. On August 21, 2025, it was officially announced that Averitt Express had placed an order for 264 new Volvo VNL 860 trucks. This marks one of the largest single orders for the new flagship VNL model in North America to date.
Key details:
- The 264 Volvo VNL 860 trucks will be added to Averitt’s fleet of more than 4,600 vehicles, over half of which are currently Volvo trucks.
- The order aims to upgrade Averitt’s fleet with trucks that deliver a 10% improvement in fuel efficiency over previous models, thanks to advanced aerodynamics and powertrain refinements.
- These new trucks offer numerous premium features, including advanced safety systems, a proprietary integrated Volvo Parking Cooler for idle reduction, and enhanced driver comfort, designed specifically to help recruit and retain skilled drivers.
- Averitt intends to assign these new VNL models to its most tenured drivers, expecting the vehicles to boost operational efficiency, sustainability, and driver satisfaction.
- The order reflects the growing industry trend where large carriers are upgrading fleets to cut costs, reduce emissions, and compete for driver talent.
This significant deal strengthens the longstanding partnership between Volvo Trucks and Averitt Express, underlining mutual commitments to driver well-being, sustainability, and operational excellence in North American trucking.