roots of Nokia go back to the year 1865 with the establishment
of a forest industry enterprise in South-Western Finland by
mining engineer Fredrik Idestam. Elsewhere, the year 1898 witnessed
the foundation of Finnish Rubber Works Ltd, and in 1912 Finnish
Cable Works began operations. Gradually, the ownership of these
two companies and Nokia began to shift into hands of just a
few owners. Finally in 1967 the three companies were merged
to form Nokia Corporation.
the beginning of the 1980s, Nokia strengthened its position
in the telecommunications and consumer electronics markets through
the acquisitions of Mobira, Salora, Televa and Luxor of Sweden.
In 1987, Nokia acquired the consumer electronics operations
and part of the component business of the German Standard Elektrik
Lorenz, as well as the French consumer electronics company Oceanic.
In 1987, Nokia also purchased the Swiss cable machinery company
Maillefer. In the late 1980s, Nokia became the largest Scandinavian
information technology company through the acquisition of Ericsson's
data systems division. In 1989, Nokia conducted a significant
expansion of its cable industry into Continental Europe by acquiring
the Dutch cable company NKF.
the beginning of the 1990's, Nokia has concentrated on its core
business, telecommunications, by divesting its information technology
and basic industry operations (www.nokia.com; accessed 3/10/04).