Private equity firm Aurelius has agreed to acquire Nokia’s Enterprise Campus Edge (ECE) business, with financial terms not disclosed, according to Private Equity Wire. The transaction is expected to close in the first half of 2027, and is subject to regulatory approvals and other customary closing conditions, according to Private Equity Wire.
Transaction overview and timeline
The deal will see ECE operate as a standalone business under Aurelius ownership following completion, according to Private Equity Wire. Nokia said the transaction is expected to close in the first half of 2027.
The deal is subject to regulatory approvals and other customary closing conditions, according to the report.
What ECE does and who it serves
Nokia’s Enterprise Campus Edge business provides private wireless networks and industrial connectivity solutions, according to Nokia’s statement cited by the publication. ECE serves nearly 900 customers globally across industries including manufacturing, mining, logistics, aviation, ports and power generation, according to Private Equity Wire.
ECE’s portfolio includes private wireless networks, industrial devices, operational technology edge computing, and software applications supporting industrial artificial intelligence, according to the report.
Aurelius plans for the business
Aurelius plans to build on ECE’s position in private 5G networks and industrial edge technology, with opportunities to expand into AI-powered industrial automation and digitalisation services, according to the report.
Fabian Steger, Managing Director of Aurelius Fund IV and V, said the business has an established global customer base, including several Fortune 500 companies, and opportunities to expand its technology portfolio under independent ownership, according to the publication.
Nokia rationale and employee transfer
For Nokia, the disposal forms part of a strategy to streamline its portfolio and redirect capital towards businesses where it sees greater opportunities for long-term growth, according to Private Equity Wire. Konstanty Owczarek, Chief Corporate Development Officer at Nokia, said the transaction would allow the company to concentrate resources on its core priorities while providing ECE with a platform for its next phase of growth, according to the report.
Employees within the ECE business are expected to transfer to the new ownership structure upon completion, subject to applicable employment laws and consultation requirements, according to the publication.
