Press Release
Nokia successfully completes acquisition of Fenix Group, accelerating U.S.
strategy
* Acquisition strengthens Nokia's tactical communications portfolio offer
22 May 2024
Espoo, 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 Nokia
At 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.
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