Transaction

Advised: InTalk Corporation on its sale to Nokia

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Deal summary

Nokia, the Telecoms, IT and consumer electronics company, acquired InTalk Corporation, a developer of wireless LAN access point products.

  • Nokia’s acquisition of InTalk was part of the company’s expansion and entry to the WLAN market.
  • The acquisition of Intalk was part of Nokia’s strategy to actively acquire companies with interesting new technologies and competencies, with the goal of enhancing and expanding Nokia’s services
  • The acquisition was valued at USD 6 million.

About InTalk Corporation

Founded in 1996, InTalk, a privately owned US-based company, designs and develops wireless LAN components and products. The company sells directly to corporate customers and through OEM channels. InTalk offices are located in San Jose, California and Cambridge, UK. InTalk's product portfolio consists of Wireless LAN access point products. With InTalk's wireless solutions, businesses can leverage the freedom of wireless LANs to gain access to network files, the Internet, e-mail, video and even video teleconferencing from any location. he company's products focus on data communications and are designed to support the next generations of higher speed wireless solutions.

About Nokia

Nokia used to be the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1998, net sales totaled FIM 79.2 billion (USD 15.7 billion, EUR 13.3 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in over 130 countries and employs more than 44,000 people worldwide.

"The importance of wireless solutions in corporate environments is constantly growing. In the future, corporations need new, more effective, high speed wireless data solutions. With Nokia's and InTalk's expertise combined, we can develop very advanced solutions for our customers in this rapidly developing market"
Reijo Paajanen Senior Vice President of Product Creation, Nokia
  • Deal value

    $6m

  • Location

    California, USA

  • Sector(s)

    Technology, Telecoms

  • Deal type

    Sale

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