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Nokia completes acquisition of Fenix Group, reinforcing U.S. defense strategy

May 22, 2024•over 1 year ago

Acquiring Company

Nokia

Acquired Company

Fenix Group

EspooChantillyHardwareInformation TechnologyHardwareManufacturing

Description

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.

Company Information

Company

Nokia

Location

Espoo, Uusimaa, Finland

About

Nokia is a B2B technology innovation leader creating networks that sense, think, and act to unlock the full potential of digital across industries. By bridging networks and cloud, Nokia works with customers and partners to deliver the digital services and applications of the future, helping the world act together.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed