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M&A Deal Summary

Renesas Electronics Acquires Nokia - Wireless Modem Business

On July 6, 2010, Renesas Electronics acquired communications company Nokia - Wireless Modem Business from Nokia for 200M USD

Acquisition Highlights
  • This is Renesas Electronics’ 1st transaction in the Communications sector.
  • This is Renesas Electronics’ 6th largest (disclosed) transaction.
  • This is Renesas Electronics’ 1st transaction in Finland.

M&A Deal Summary
Date 2010-07-06
Target Nokia - Wireless Modem Business
Sector Communications
Buyer(s) Renesas Electronics
Sellers(s) Nokia
Deal Type Divestiture
Deal Value 200M USD

Target

Nokia - Wireless Modem Business

Espoo, Finland
Nokia - Wireless Modem Business includes wireless modem technologies for LTE, HSPA and GSM standards, which have been used for billions of handsets in the global market over the years.

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Buyer(S) 1

Buyer

Renesas Electronics

Tokyo, Japan
Category Company
Founded 2002
Sector Semiconductors
Employees21,204
Revenue 1.47T JPY (2023)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Renesas Electronics was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 10
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 6 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Renesas Electronics - LTE-Related Assets

Tokyo, Japan

Renesas Electronics' LTE assets includes high-quality multimode, multiband, LTE-A/HSPA+/EDGE modem IP that includes support for leading-edge features such as Carrier Aggregation and VoLTE.

Sell $164M

Seller(S) 1

SELLER

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 2 of 10
Sector (Communications) 1 of 3
Type (Divestiture) 2 of 10
Country (Finland) 2 of 7
Year (2010) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-09 bit-side

Berlin, Germany

bit-side develops mobile applications including panoramic imaging, entertainment applications and others.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Vertu

Hampshire, Finland

Vertu Corp. Ltd. is a manufacturer of luxury mobile phones.

Sell -
Mergr

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