Nokia successfully completes acquisition of Fenix Group, accelerating U.S. strategy
22 Maio 2024 - 8:00AM
Nokia successfully completes acquisition of Fenix Group,
accelerating U.S. strategy
Press Release
Nokia successfully completes acquisition of Fenix Group,
accelerating U.S. strategy
- Acquisition strengthens Nokia’s tactical communications
portfolio offer
22 May 2024Espoo, Finland – Nokia today announced the successful
completion of its acquisition of Fenix Group, a privately held
company that specializes in tactical communications solutions for
the defense communities.
The acquisition, originally announced in December 2023,
strengthens Nokia's position in the defense sector by adding
Fenix's innovative broadband tactical communications products,
including the industry-leading Banshee family and Talon MANET
radios, to its existing solutions portfolio. This expanded
portfolio will allow Nokia to offer a more comprehensive suite of
3GPP-based solutions to its defense customers
worldwide. Interoperable, 3GPP-based mobile networks that are
built for data-hungry applications will play an important role in
the digitalization of military communications.
The closing of the acquisition, including the associated
Committee on Foreign Investment in the United States (CFIUS) review
and approval, marks a significant milestone in Nokia’s U.S.
strategy. It underscores Nokia’s commitment to being a trusted
provider of secure and innovative solutions to the U.S. Federal
government. With Fenix’s established support to Defense Department
programs, Nokia is now well-positioned to further expand its role
as a pivotal technology provider for mission-critical
needs.
Nokia and Fenix were jointly selected by the Defense Innovation
Unit (DIU) in October 2021 for a program. The mission was to
provide ad hoc tactical private wireless communications bubbles.
The combination of Nokia and Fenix supports the objective of
bringing dual-use technology capabilities to the warfighter.
Mike Loomis, President of Nokia Federal Solutions: “The closing
of the Fenix Group acquisition marks a significant step forward in
our strategy to grow our defense business, as well as our overall
U.S. strategy. Fenix's expertise in broadband tactical
communications perfectly complements our existing offerings, and
together we will be even better positioned to deliver
high-performance, secure, and reliable solutions to our defense
customers, helping them achieve mission-critical objectives.”
Dave Peterson, CEO of Fenix Group: "We are excited to officially
join forces with Nokia. By combining our innovative solutions
with Nokia's global reach and resources, we can create even greater
value for our customers and make a significant impact on the future
of secure military communications."
Fenix Group was previously a portfolio company of Enlightenment
Capital.
About NokiaAt Nokia, we create technology that
helps the world act together.
As a B2B technology innovation leader, we are pioneering
networks that sense, think and act by leveraging our work across
mobile, fixed and cloud networks. In addition, we create value with
intellectual property and long-term research, led by the
award-winning Nokia Bell Labs.
Service providers, enterprises and partners worldwide trust
Nokia to deliver secure, reliable and sustainable networks today –
and work with us to create the digital services and applications of
the future.
Media InquiriesNokia Communications,
CorporateEmail: Press.Services@nokia.com
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