Boldyn Networks has finalized its acquisition of Cellnex's private network business.

The deal was completed for an undisclosed sum and includes Edzcom, Cellnex’s Finnish subsidiary that specializes in private networks for industrial environments.

Cellnex MWC 2023
– Cellnex

Edzcom designs, builds, and operates private 4G and 5G networks across enterprise customers in the manufacturing, transport hubs, oil and gas, energy generation, and mining industries.

The deal was first announced back in November.

The acquisition means that Boldyn, formerly BAI Comms until the company rebranded its northern hemisphere operations, has obtained a portfolio of more than 50 private network implementations in Finland, France, Germany, Spain, Sweden, and the UK.

"By bringing Cellnex's private networks business unit under the Boldyn umbrella, not only are we acquiring additional expertise, but growing our capability to interconnect the most complex environments," said Igor Leprince, Group CEO of Boldyn Networks.

"From heavy industry facilities, transport systems, city-wide networks, and large venues to ports and nuclear power plants, we continue to be the neutral host partner of choice for our customers."

Edzcom will become part of Boldyn's Group Strategy team, added Boldyn.

Boldyn Group CSO Justin Berger noted that the acquisition will enable the company to develop networks for a number of 5G use cases, including enterprise automation, advanced robotics, video surveillance, smart IoT devices working in large areas, and employee safety.

"Private 5G networks provide secure connectivity to unlock new services and the ability for customers to control and monitor the network in real-time," he said.

"We can't wait to contribute with developing more 5G use cases that can drastically improve efficiency and productivity across many sectors."