Nokia - M&A Summary and Business Overview

CommunicationsCompany

Nokia M&A Summary

Nokia has acquired 27 companies, including 1 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 10 assets.

Nokia’s largest acquisition to date was in 2016, when it acquired Alcatel-Lucent S.A. for $16.6B. It’s largest disclosed sale occurred in 2013, when it sold Nokia Devices & Services to Microsoft for $6.1B. Nokia has acquired in 6 different US states, and 7 countries. The Company’s most targeted sectors include software (41%) and technology hardware (19%).

Nokia Business Overview

Where is Nokia headquartered?

Nokia is headquartered in Espoo, Finland.

What is Nokia’s revenue?

Nokia disclosed revenue of 24,911M EUR for 2022 and 22,202M EUR for 2021.

How many employees does Nokia have?

Nokia has 86,896 employees.

What sector is Nokia in?

Nokia is a communications company.

When was Nokia founded?

Nokia was founded in 1865.

M&A Summary

  • M&A Total Activity37
    • M&A Buy Activity27
    • M&A Sell Activity10
  • Total Sectors Invested 8
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 13

Nokia

Nokia Oyj

Karakaari 7,
Espoo, 02610
Finland,
+358 7180 08000
www.nokia.com

Nokia is a Finnish communications and information technology multinational corporation. Nokia was founded in 1865 and is based in Espoo, Finland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 26 1 - - - - 27
vol $17.4B $17.4B
Sell (0.4/yr) # 8 1 - - 1 - 10
vol $9.5B $9.5B
  37

Most Recent M&A

Company Date Value Type
Nokia - Device Management and Service Management Platform businesses 2023-12-20 - Divestiture
, Finland
Gainspeed, Inc. 2020-07-29 - Divestiture
Sunnyvale, California
Elenion Technologies LLC 2020-02-19 - Add-on Acquisition
New York, New York · www.elenion.com
Nokia Oyj - IP Video Business 2018-09-13 - Divestiture
Espoo, Finland
Space Time Insight, Inc. 2018-05-07 - Add-on Acquisition
San Mateo, Massachusetts · www.spacetimeinsight.com
SpaceTime Insight 2018-05-07 - Add-on Acquisition
San Mateo, California · www.spacetimeinsight.com
Unium, Inc. 2018-02-25 - Add-on Acquisition
Seattle, Washington · www.uniumwifi.com
Deepfield, Inc. 2016-12-15 - Add-on Acquisition
Ann Arbor, Michigan · www.deepfield.com
Eta Devices, Inc. 2016-10-05 - Add-on Acquisition
Cambridge, Massachusetts · www.etadevices.com
Gainspeed, Inc. 2016-08-01 - Add-on Acquisition
Sunnyvale, California
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Alcatel-Lucent S.A.    - Mformation Software Technologies LLC 2015-09-17 19
Boulogne-Billancourt, France · www.alcatel-lucent.com Edison, New Jersey · www.mformation.com
Alcatel-Lucent S.A.    - Genesys Cloud Services, Inc. 2012-02-01 1
Boulogne-Billancourt, France · www.alcatel-lucent.com Menlo Park, California · www.genesys.com
Alcatel-Lucent S.A.    - Velocix Ltd. 2009-06-01 18
Boulogne-Billancourt, France · www.alcatel-lucent.com Cambridge, United Kingdom · www.velocix.com
Alcatel-Lucent S.A.    - Motive, Inc. 2008-10-06 17
Boulogne-Billancourt, France · www.alcatel-lucent.com Austin, Texas · www.motive.com
Alcatel-Lucent S.A.    - IMagicTV, Inc. 2003-04-30 16
Boulogne-Billancourt, France · www.alcatel-lucent.com Saint John, New Brunswick · www.imagictv.com

M&A by Sector

Sector Buy # Value Sell # Value
Software 11 (41%) 430M (2%) 2 (20%) -
Technology Hardware 5 (19%) 16.8B (97%) 1 (10%) 6.1B (65%)
Internet Software and Services 4 (15%) - 1 (10%) -
Communications 2 (7%) 6M (< 1%) 3 (30%) 200M (2%)
Information Technology 2 (7%) 158M (1%) 1 (10%) 3.2B (33%)
Electrical Equipment 1 (4%) - 1 (10%) -
Media 1 (4%) - - -
Semiconductors 1 (4%) - - -
Manufacturing - - 1 (10%) -
Total 27 $17.4B 10 $9.5B

By Geo

State/Country Buy Value Sell Value
United States 16 436M 2 -
  California 6 436M 1 -
  Washington 4 - - -
  Massachusetts 3 - - -
  Illinois 1 - 1 -
  New York 1 - - -
  Michigan 1 - - -
Finland 2 - 7 9.5B
United Kingdom 3 158M 1 -
France 2 16.8B - -
Germany 2 - - -
Canada 1 - - -
  Ontario 1 - - -
Sweden 1 - - -
Domestic 2 (7%) - 7 (70%) 9.5B (100%)
Cross-border 25 (93%) 17.4B (100%) 3 (30%) -
Total 27 $17.4B 10 $9.5B

Deal Values

buy # Total
> $1B 1 $16.6B
$100M to $1B 3 $779M
< $100M 1 $6M
TOTAL $17.4B
Largest Alcatel-Lucent S.A.
$16.6B (2016-01-04)
sell # Total
> $1B 2 $9.3B
$100M to $1B 1 $200M
TOTAL $9.5B
Largest Nokia Devices & Services
$6.1B (2013-09-03)

M&A Connections

Deals
Acquired from
Investor(s)
26%
7 (26%)
Strategic(s)
4%
1 (4%)
Divested to
Investor(s)
20%
2 (20%)
Strategic(s)
80%
8 (80%)

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