Private equity firm Aurelius has agreed to acquire Nokia’s Enterprise Campus Edge (ECE) business, which provides private wireless networks and industrial connectivity solutions, according to a statement from Nokia. Financial terms of the transaction were not disclosed.
The deal, which is expected to close in the first half of 2027, will see ECE operate as a standalone business under Aurelius ownership, subject to regulatory approvals and other customary closing conditions.
ECE serves nearly 900 customers globally across industries including manufacturing, mining, logistics, aviation, ports and power generation. Its portfolio includes private wireless networks, industrial devices, operational technology edge computing and software applications supporting industrial artificial intelligence.
Aurelius plans to build on the business’s position in private 5G networks and industrial edge technology, with opportunities to expand into AI-powered industrial automation and digitalisation services.
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.
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.
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.
Employees within the ECE business are expected to transfer to the new ownership structure upon completion, subject to applicable employment laws and consultation requirements.
