Nokia completes acquisition of Fenix Group, reinforcing U.S. defense strategy
Acquiring Company
Nokia
Acquired Company
Fenix Group
Espoo
ChantillyInformation TechnologyHardwareMessaging And TelecommunicationsSatellite CommunicationVoipIntellectual PropertyManufacturingHardwareDescription
Nokia has successfully completed the acquisition of Fenix Group, a privately held company specializing in tactical communications solutions for the defense communities. This acquisition reinforces Nokia's position in the defense sector and strengthens its U.S. strategy, allowing Nokia to offer a more comprehensive suite of 3GPP-based solutions to its defense customers worldwide, supporting the digitalization of military communications.
Quick answer
Nokia is acquiring Fenix Group, announced May 22, 2024. Nokia is based in Espoo, Uusimaa, Finland.
- How much did Nokia pay for Fenix Group?
- The deal value was not disclosed.
- What does Nokia do?
- Nokia is a global technology company that provides connectivity and communication services.
- Where are Nokia and Fenix Group based?
- Nokia is based in Espoo, Uusimaa, Finland. Fenix Group is based in Chantilly, Virginia, United States.
- Who are the decision-makers at Nokia?
- Fundz holds 2 contacts at Nokia. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Fenix Group?
Fenix Group was acquired by Nokia, based in Espoo. The deal was reported on May 22, 2024. Nokia is a global technology company that provides connectivity and communication services. Nokia is publicly traded (NOK) and operates in Information Technology.
When did Nokia acquire Fenix Group?
Nokia's acquisition of Fenix Group was reported on May 22, 2024. Nokia has successfully completed the acquisition of Fenix Group, a privately held company specializing in tactical communications solutions for the defense communities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Fenix Group do?
Fenix Group is a Virginia based, veteran owned small business. Our team members are individually masters of their craft, and come from highly respected career fields. It is privately held, operating in Manufacturing, and is based in Chantilly.
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