Swedish wireless equipment firm Ericsson buys Canadian Wi-Fi company BelAir Networks

STOCKHOLM – Swedish wireless technology company LM Ericsson AB says it has signed a deal to buy the privately owned Canadian Wi-Fi company BelAir Networks.

Ericsson said Tuesday it expects to close the acquisition during the first half of 2012, subject to customary conditions. The value of the deal wasn’t disclosed.

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BelAir Networks is based in Ottawa and has around 120 employees, who will now join Ericsson.

The Swedish company said the acquisition will give it a strong Wi-Fi portfolio, technological expertise, intellectual property rights and established customer contracts and relationships.

It said the combination of its mobile infrastructure technology and BelAir Networks’ Wi-Fi equipment will “accelerate the integration of Wi-Fi and cellular technologies.”