Comptel Oyj for 347 million euros ($370 million) to add technology that helps phone carriers manage their networks, part of a push into software and services as network-gear sales sputter.
The cash offer, 3.04 euros per share, represents a premium of 29% compared to Comptel's last closing price.
Comptel has been a long-time partner of Nokia. In 2015, Comptel's revenue was Euro 98 million with an 8.7 percent operating margin.
"They are turning to software to provide more intelligence, automate more of their operations, and realise the efficiency gains that virtualisation promises".
By combining Nokia's Service Assurance portfolio with Comptel's Service Orchestration solution, Nokia said it would enable a closed loop between service assurance and fulfillment that simplifies management of complex heterogeneous networks. According to Nokia, post acquisition, it will give service providers a comprehensive solution to design, deliver, orchestrate and assure communications and digital services across physical, virtual and hybrid networks. We want to help them by offering one of the industry's broadest and most advanced portfolios.
Sheriff warns murder suspect Boyette 'turn yourself in'
Boyette and Rice could be in the 2006 white Chevy Cobalt that they're accused of stealing from the home invasion in Beulah. Escambia County Sheriff's officials say William "Billy" Boyette, Jr. broke into a woman's home, shot her, then left.
Nokia has announced a tender offer of €3.04 per share in cash to buy Comptel as it tries to push its software strategy forward. The Alcatel-Lucent IP networking assets help diversify Nokia's portfolio, which was historically focused on mobile networks.
Holders of 48.3 percent of Comptel's shares have already endorsed the offer, and Comptel's board recommends the bid.
The OSS company will support Nokia's new standalone software business unit, which Nokia President and CEO Rajeev Suri announced in November 2016 at Nokia's Capital Markets Day event in Barcelona, Spain. The company's major sites are in Finland, Bulgaria, Malaysia, India, the United Kingdom and Norway.
It said Comptel would bolster its go-to-market efforts and improve its automation offering.
Nokia said the acquisition would not have a material effect on the operations and business locations of, or the number of jobs at, Comptel.