Investment firm buys Ericsson’s Athlone research centre

An international investment firm has purchased Ericsson’s Athlone research centre.

According to the Irish Times the property, which is currently let on a lease to the company, sold for above its 19 million euro price guide.

The telecommunications giant established its Athlone base in 1974 and the sale has been described as a big vote of confidence in the company’s endurance.