The financial details, however, are not disclosed. Elenion, founded in 2014, creates silicon photonics system-on-chips tailored to telecom, hyperscale communication and networking applications.
The Elenion platform simplifies integration with optical chipsets, lowers power consumption, improves port density and helps to lower the overall cost per bit for network operators.Elenion’s technology expertise enable Nokia to expand its market footprint by addressing the critical and rapidly evolving optical connectivity requirements of 5G, cloud and enterprise networking.Larry Schwerin, CEO of Elenion Technologies, said: “Nokia is an industry leader in networking systems, including advanced coherent optical interfaces and hyperscale datacenter solutions.
The terse announcement stresses that Elenion’s silicon photonics technologies are highly integrated, low-cost, and ideal for short-reach and high-performance optical interfaces. HQ Finland. The planned transaction is expected to close in Q1 2020, subject to regulatory approvals and customary closing conditions. The buyout will give Nokia more expertise in the optical connectivity requirements critical to 5G, cloud and enterprise networking. Press Release. 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,” added Larry Schwerin, CEO of Elenion Technologies. 25 March 2020 . Nokia is engaged in the manufacturing of mobile devices and in converging Internet and communications industries. Nokia is acquiring silicon photonics specialist, Elenion Technologies. Elenion’s technology expertise and unique design platform and services enable Nokia to expand its market footprint by addressing the critical and rapidly evolving optical connectivity requirements of 5G, cloud and enterprise networking. Acquiring Organization: Nokia Nokia is a Finnish multinational communications corporation engaged in the manufacturing of … Nokia plans to acquire Elenion, a privately-owned technology company whose proprietary silicon photonics design platform can lower the ‘per bit’ cost for network operators.
The financial details, however, are not disclosed.
Through its acquisition of Alcatel-Lucent in 2016, Nokia has become one of the biggest suppliers of optical transport solutions.
Nokia Corporation is a Finnish multinational communications corporation, founded in 1865. Nokia to acquire Elenion to improve economics of advanced optical connectivity solutions . 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.” 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.”The planned acquisition was originally announced February 19, 2020.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.
The planned acquisition was originally announced February 19, 2020.
Nokia is to acquire Elenion, a US firm that specialises in silicon photonics technology. Nokia has stepped up plans to acquire Elenion Technologies, a U.S.-based company focusing on silicon photonics technology. Terms of the acquisition were not revealed to the press. It is headquartered in Keilaniemi, Espoo, a city neighbouring Finland's capital Helsinki.