Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with a few weeks of delay.
Nokia acquires SpaceTime Insight
May 8, 2018

Nokia acquires the California-based IOT startup SpaceTime Insight. PitchBook has estimated the valuation of SpaceTime Insight at just over USD 103m in 2016. Currently, IOT is a very small part of Nokia's business. Last year, Nokia reported sales of EUR 24bn compared to the software division of Nokia, in which IOTise located, which reported sales of EUR 1.5bn.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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