Aurelius Opportunities Fund V has signed a definitive agreement to acquire Nokia's Enterprise Campus Edge business in a complex global carve-out. The transaction includes approximately 1,000 employees and operations across Finland, Hungary, India, and the US. ECE generates over €170 million in annual sales from nearly 900 customers worldwide, serving sectors such as manufacturing, mining, logistics, airports, ports, and power generation.
The portfolio features industrial devices, on-premises operational technology edge, micro-edge products, and software for industrial AI use cases. Aurelius plans to expand ECE's position in private 5G and industrial edge, targeting AI-powered automation to help customers accelerate digitalization. The deal is expected to close in the first half of 2027, subject to customary closing conditions and regulatory approvals.
Source: PE Hub · Summarized by HeadlinesBriefing