M&A Deal Summary

Nokia Acquires Infinera

On June 28, 2024, Nokia acquired technology hardware company Infinera for 2.3B USD

Acquisition Highlights
  • This is Nokia’s 6th transaction in the Technology Hardware sector.
  • This is Nokia’s 2nd largest (disclosed) transaction.
  • This is Nokia’s 18th transaction in the United States.
  • This is Nokia’s 7th transaction in California.

M&A Deal Summary
Date 2024-06-28
Target Infinera
Sector Technology Hardware
Buyer(s) Nokia
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Centerview Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Infinera

San Jose, California, United States
Infinera is a global supplier of open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera was formed in 2000 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Nokia

Espoo, Finland
Category Company
Founded 1865
Sector Communications
Employees86,689
Revenue 22.3B EUR (2023)
DESCRIPTION

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

DEAL STATS #
Overall 29 of 29
Sector (Technology Hardware) 6 of 6
Type (Add-on Acquisition) 27 of 27
State (California) 7 of 7
Country (United States) 18 of 18
Year (2024) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 Nokia - Device Management and Service Management Platform businesses

Finland

Nokia’s Device Management software capabilities help communication service providers remotely manage home broadband access devices, as well as IoT sensors and devices from a variety of different vendors; while the Nokia’s Service Management Platform improves customer care service, with coverage spanning more than 150 deployments worldwide and more than 1 billion devices under management.

Sell -
Mergr

Product

Company

Legal