Nokia 2015 Annual Report Download - page 4

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02 NOKIA IN 2015
Nokia at a glance
2015: A year of transformation
The year 2015 marked our 150th anniversary
asa company—an accomplishment that few
others can match.
We believe this longevity has been due to a
variety of factors, including a capacity for
intelligent adaptation, a pedigree for innovation,
a focus on the human aspects of technology,
and a track record for executing on our
strategicgoals.
This past year is a prime example of these
factors combining to make 2015 another
year oftransformation.
Acquisition of Alcatel
Lucent and divestment
of our HERE business
Our acquisition of Alcatel Lucent, announced
in April 2015, has produced a new leader
innext-generation technologies for the
Programmable World. It was made possible
due tothe hard work and dedication of our
employees who ensured that we were able
toclose the deal in early January, 2016, faster
than many thought possible. Our integration
planning has been thorough, allowing
ustomove forward as one company from
January 14, 2016.
Another critical development in 2015 was the
sale of HERE, our digital mapping and location
services business, to a German automotive
industry consortium, comprising AUDI AG,
BMW Group and Daimler AG (the “Sale of the
HERE Business”), in a transaction that was
believed to be in the best interests of Nokia
and its shareholders, its customers as well as
the employees of the HERE business. The sale,
valued at an enterprise value of EUR 2.8 billion,
closed in December 2015.