Nokia and Novero said on Tuesday the transfer of Nokia’s line fit automotive business in Bochum and Dusseldorf, Germany, and Detroit to Novero has been completed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Novero is owned by Razvan Olosu, the former head of Nokia’s automotive business and enhancements unit, and Equity Partners, a German private equity firm.


Novero assumed full ownership of the line fit automotive business on 16 June and will continue to employ about 230 people.


Novero said it plans to strengthen the main operations of the line fit automotive business in Germany and the US.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now