Nokia's acquisition of Infinera to scale up Optical Networks and accelerate product roadmap
Acquiring Company
Nokia
Acquired Company
Infinera
Espoo
San JoseInformation TechnologyHardwareMessaging And TelecommunicationsSatellite CommunicationVoipIntellectual PropertyHardwareVoipDescription
Nokia Corporation has announced the acquisition of Infinera, a global leader in open optical networking solutions and advanced optical semiconductors. The acquisition aims to create a highly scaled and truly global optical business, strengthening Nokia’s position in North America and accelerating Nokia’s customer diversification strategy. The transaction represents a strategic move to increase in-house technology capabilities and vertical integration, with targeted net comparable operating profit synergies of EUR 200 million by 2027.
Quick answer
Nokia is acquiring Infinera, announced June 27, 2024. Nokia is based in Espoo, Uusimaa, Finland.
- How much did Nokia pay for Infinera?
- 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 Infinera based?
- Nokia is based in Espoo, Uusimaa, Finland. Infinera is based in San Jose, California, 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.
Other recent acquisitions in Hardware and Messaging And Telecommunications
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Nokia to acquire US optical network firm Infinera in 2.1 billion euro deal, $2.3B (June 28, 2024)
- Nokia completes acquisition of Fenix Group, reinforcing U.S. defense strategy (May 22, 2024)
- TD&I Cable Maintenance and Tower Arch Capital Complete the Acquisition of Underground Systems (July 10, 2024)
- In-Telecom Consulting, LLC Acquires Lantana Communications to Expand Footprint into Texas (May 29, 2024)
- T-Mobile to acquire UScellular's Wireless Operations and Select Spectrum Assets for $4.4B, $4.4B (May 28, 2024)
- NLX acquires Radish Systems to enhance multimodal capabilities (August 1, 2024)
Who to call at Nokia, and when
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Frequently asked
Who acquired Infinera?
Infinera was acquired by Nokia, based in Espoo. The deal was reported on June 27, 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 Infinera?
Nokia's acquisition of Infinera was reported on June 27, 2024. Nokia Corporation has announced the acquisition of Infinera, a global leader in open optical networking solutions and advanced optical semiconductors. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Infinera do?
Infinera is a global supplier of open, disruptive, and cloud-optimized solutions for service providers, telecommunications operators, and content network providers. It is privately held, operating in Hardware, and is based in San Jose.
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