Nokia plans to acquire Elenion Technologies, a US based company

Image : Nokia to acquire Elenion Technologies promo

Nokia recently announced its plans to acquire Elenion Technologies, a US based company focusing on silicon photonics technology. By acquiring this company Nokia will improve economics of advanced optical connectivity solutions.

Highlights from press release (Nokia to acquire Elenion Technologies) :

Elenion’s technology expertise and unique design platform and services enable Nokia to expand its market footprint by addressing the critical and rapidly evolving optical connectivity requirements of 5G, cloud and enterprise networking. Ownership of these key assets brings time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions by applying the massive scale and economies of silicon design and manufacturing to the optical supply chain.

Sam Bucci, Head of Optical Networking at Nokia, said :

“As a world-class provider of silicon photonics solutions, advanced packaging and custom design services, Elenion provides a strong strategic fit for Nokia. Its solutions can be readily integrated into Nokia’s product offerings and address multiple high growth segments including 5G, cloud and data center networking. When combined with Nokia, Elenion technologies will accelerate the growth and scale of Nokia’s optical networking business, while enabling us to cost-effectively address new markets.”

Elenion was founded in 2014 and is privately held and headquartered in New York, NY. The planned transaction is expected to close in Q1 2020, subject to regulatory approvals and customary closing conditions.

For more exact details you can check out the full press release by visiting here.

Stay tuned for more updates 🙂

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