Nokia to Divest Enterprise Campus Edge Unit to AURELIUS
Nokia Oyj (OMXHEX:NOKIA) has signed a definitive agreement to sell its Enterprise Campus Edge business to AURELIUS. Staff members within the unit are scheduled to transfer to the buyer when the transaction closes. Following the news, shares of Nokia dropped 3.22% to 9.01 EUR.
The sale aligns with Nokia's ongoing strategy to streamline its business portfolio and focus capital on areas offering stronger long-term value. Transitioning the enterprise campus unit to AURELIUS shifts the division's cost structure while enabling it to grow under new ownership. Financial terms of the agreement were not disclosed.
The deal is expected to close in the first half of 2027. Completion remains subject to customary closing conditions, including regulatory clearances and required consultations.
Key points
- Nokia Oyj agreed to sell its Enterprise Campus Edge business to AURELIUS.
- The deal is scheduled to close in the first half of 2027, pending standard approvals.
- Employees belonging to the division are expected to transfer to AURELIUS at closing.
- Nokia shares fell 3.22% to 9.01 EUR following the announcement.
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How we writeDisclaimerQuestions and answers
Who is acquiring Nokia's Enterprise Campus Edge business?
AURELIUS has signed a definitive agreement to purchase the business from Nokia, with division employees transferring upon completion.
When will Nokia's sale to AURELIUS be completed?
The transaction is targeted to close in the first half of 2027, subject to regulatory clearances and customary closing conditions.
How did Nokia stock react to the announcement?
Nokia Oyj shares declined 3.22% to 9.01 EUR.