# LS Electric acquires Nokia's power facility asset analysis platform

LS Electric acquired Nokia's asset lifecycle optimization (ALO) software platform for power facility asset analysis, aiming to launch its asset management software business.

- Type: Acquisition
- Announced: 2022-06-08
- Status: completed
- Products: power facility asset analysis software
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Electric](https://endata.com/companies/15629.md) (acquirer)
- [Nokia](https://endata.com/companies/18565.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/mergers-acquisitions/newsView/ked202206080018), 2022-06-08: "LS Electric announced Wednesday it has acquired Nokia’s power facility asset analysis platform."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.