Nokia to Acquire Elenion | Financial Buzz

Nokia to Acquire Elenion

Nokita creates technology to connect the world.  Boasting a portfolio of network equipment, services, licensing and software around the world.  The company commits to innovation through Nokia Bell Labs, including development and deployment of 5G Networks.  Elenion develops highly integrated, low-cost silicon photonics technologies for short-reach and high-performance optical interfaces and has pioneered a design toolset which enables a greatly simplified, low cost, scalable manufacturing process.

Nokia Corp. (NYSE: NOK) reported plans to acquire Elenion Technologies.  Elenion’s technology will allow Nokia to expand its market impact by developing optical connectivity requirements of 5G further, this includes cloud and enterprise networking.  Sam Bucci, Head of Optical Networking at Nokia, said: “As a world-class provider of silicon photonics solutions, advanced packaging and custom design services, Elenion provides a strong strategic fit for Nokia. Its solutions can be readily integrated into Nokia’s product offerings and address multiple high growth segments including 5G, cloud and data center networking. When combined with Nokia, Elenion technologies will accelerate the growth and scale of Nokia’s optical networking business, while enabling us to cost-effectively address new markets.”

Larry Schwerin, CEO of Elenion Technologies, said: “Nokia is an industry leader in networking systems, including advanced coherent optical interfaces and hyperscale datacenter solutions. Elenion benefits by having its technology incorporated into an industry-leading portfolio and with a company offering solutions across a wide array of networking applications. Nokia’s strong optical industry leadership, size, scale, global reach, and ongoing commitment to investment in key technologies vastly accelerates the adoption of Elenion silicon photonics technology.”