Volaris Group Acquires Majority of Nokia's IP Video Business (Velocix)

January 2, 2019

Volaris Group has completed the purchase of the majority of Nokia's IP Video business, creating a new independent streaming-technology company, Velocix. Nokia will remain a minority shareholder in Velocix, which will operate inside Volaris' Communications & Media portfolio; financial terms were not disclosed.

Buyers
Volaris Group
Targets
Nokia IP Video business (Velocix)
Sellers
Nokia
Platforms
Volaris Group
Location
Cambridgeshire, United Kingdom
Transaction Type
Addon

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