Nokia offers to buy Comptel for $370 million
HELSINKI: Network equipment maker Nokia said on Thursday it has agreed to buy another Finnish company, Comptel, for about 347 million euros ($370 million) to expand its software business.
The cash offer, 3.04 euros per share, represents a premium of 29 percent compared to Comptel's last closing price.
"The planned acquisition is part of Nokia's strategy to build a standalone software business at scale by expanding and strengthening its software portfolio and go-to-market capabilities with additional sales capacity and a strategic partner network," Nokia said in a statement.
The cash offer, 3.04 euros per share, represents a premium of 29 percent compared to Comptel's last closing price.
"The planned acquisition is part of Nokia's strategy to build a standalone software business at scale by expanding and strengthening its software portfolio and go-to-market capabilities with additional sales capacity and a strategic partner network," Nokia said in a statement.
