Koch Equity Development to acquire iconectiv from Ericsson and Francisco Partners.

Koch Equity Development, a private equity firm, agreed to acquire iconectiv, a supplier of network planning and management services for communications providers, from Ericsson, a provider of telecommunications equipment, and Francisco Partners, an investment firm. Financial terms were not disclosed. "iconectiv is excited to join KED along with the resources and capabilities they have to support our next chapter of growth. This acquisition marks a significant milestone in our journey, aligning us with a shareholder focused on long-term value creation that extends our track record as a trusted partner to service providers and regulators in the communications sector. On behalf of iconectiv, we want to thank Ericsson and Francisco Partners for their many years of support. We believe KED is the right partner for our employees and the company to continue executing our long-term vision by providing reliable and trusted communications solutions to our customers globally," Richard Jacowleff, iconectiv CEO.