Nokia is one of the largest telecommunications companies around with a $30.7 billion market cap. The company was founded in 1865 by Fredrik Idestam and Leo Mechelin but since then has expanded massively. Throughout the years Nokia has made plenty of acquisitions to aid in the growth of their company, but some of them have cost quite a lot. Here are the largest acquisitions made by Nokia.
5. NGI Industrial – $415 Million
In 2000, Nokia purchased 100% of NGI Industrial, a joint venture in Brazil. They acquired all of the shares that Gradiente TElecom S.A. held and then bought 49% for $415 million. The company manufactures cell phones, mainly in Brazil.
4. Amber Networks, Inc. – $421 Million
In 2001, Nokia acquired the company Amber Networks for $421 million. Amber Networks is a privately held networking infrastructure company out of California that was most known for developing the first fault tolerant routing platform.
3. Intellisync Corporation – $430 Million
In 2005, Nokia announced that they were fully acquiring the data synchronization software company Intellisync. This company focuses on cell phones and, at the time, PDAs. Nokia fully acquired them by 2006 and ditched all attempts at developing their own software. Nokia used the purchase of Intellisync to focus on integrating devices with software from vendors.
2. Wireless Infrastructure assets of Motorola Solutions – $1.2 Billion
Motorola Solutions was the leading provider of mission critical communication products and services for government customers. The company added 6,900 new employees to Nokia and 50 operators in 52 different countries. Along with this deal, Nokia gained research and development facilities in the United States, Russia, China, India, and the UK.
1. Navteq – $8.1 Billion
In 2007 Nokia revealed that they were going to be acquiring Navteq for $8.1 billion, their largest acquisition to date. Navteq was a quickly profitable fast growing company that provides geographic information systems data as well as base electronic navigatable maps. Navteq didn’t fully integrate with Nokia until 2011 which was a part of their HERE business unit.
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