Nokia agreed to acquire Fenix Group, a privately held company that specializes in tactical 3rd Generation Partnership Project (3GPP) communications solutions for the defense communities. Financial terms were not disclosed.
Fenix Group, which is based in Chantilly, Virginia, specializes in tactical communications products, including its Banshee product family. The systems are designed to provide high-speed, low latency data connections to many devices and users simultaneously, making them ideal for supporting a wide range of military applications. Fenix Group is a portfolio company of Enlightenment Capital.
Nokia is a leading global provider of commercial 5G mobile broadband technology and private wireless solutions for ultra-reliable, mission-critical applications. The addition of Fenix’s tactical communications capabilities will allow Nokia to offer a more comprehensive suite of solutions to its defense customers.
Tommi Uitto, President of Mobile Networks at Nokia, said: “The acquisition of Fenix Group is an important milestone in our strategy to grow our defense business. We are excited to welcome Fenix to the Nokia family, and we look forward to working together to create a more stable world with high-performance, secure, and reliable communications solutions.”
