Nokia Oyj (NYSE: NOK), the Finnish telecommunications and network technology company, has signed a definitive agreement to sell its Enterprise Campus Edge business to European investment firm AURELIUS.
The deal marks a significant strategic move for Nokia as it looks to sharpen its focus on core areas of its broader technology portfolio.
Nokia said the sale supports its strategy to concentrate capital and resources on areas where it can generate the greatest long-term value for shareholders.
The transaction is expected to close in the first half of 2027, subject to standard regulatory and closing conditions.
The Enterprise Campus Edge business, known internally as ECE, currently serves nearly 900 customers worldwide across a wide range of industries.
Those industries include manufacturing, mining, logistics, airports, ports and power generation, representing a broad base of critical infrastructure clients.
Under the terms of the deal, ECE will operate as a standalone business under AURELIUS, giving it greater independence and flexibility to serve its existing customer base.
Nokia indicated that this independence will allow ECE to respond more effectively to customer needs and pursue its own growth agenda without competing for internal resources.
Employees currently working within the ECE division are expected to transfer with the business at the time of closing, providing continuity for customers and staff alike.
PwC Germany served as mergers and acquisitions advisor to Nokia on the transaction, while Roschier acted as legal advisor throughout the process.
AURELIUS, which focuses on acquiring and growing corporate carve-outs and complex businesses across Europe, is expected to bring dedicated operational expertise to the ECE platform.
The divestiture reflects a broader trend among large telecommunications equipment makers, who are increasingly streamlining portfolios to compete more effectively in high-growth segments such as cloud networking and artificial intelligence-driven infrastructure.
Nokia has been repositioning its business in recent years, and the ECE sale is consistent with efforts to prioritize investments in areas where the company holds stronger competitive advantages and market leadership.
