Nokia to buy imaging assets from Scalado

Telecom Lead Europe: The struggling mobile phone major
Nokia is set to buy imaging assets from Scalado.


Nokia did not disclose the size of the acquisition. The
acquisition is aimed at enhancing imaging experiences for Nokia Lumia devices.


The Sweden-based Scalado currently has imaging technology
on more than 1 billion devices. This acquisition is aimed at strengthening
Nokia’s imaging assets.


“Nokia has been working with Scalado for more than
ten years and they’ve contributed to many of our leading imaging
applications,” said Jo Harlow, executive vice president, Smart Devices at
Nokia.


“This transaction would enable us to combine our
leadership in camera devices with their expertise in imaging, helping people move
beyond taking pictures to capturing moments and emotions and then reliving them
in many different ways,” Harlow added.


The Lund site is planned to become a key site for Nokia’s
imaging software for smartphones, in addition to Nokia’s existing locations in
Espoo and Tampere, Finland.


“This is a great opportunity for many of our people
to show their leadership in imaging and to continue to build its future. Doing
this as part of Nokia, already a leader in mobile imaging, will reinforce the
strength of the technologies and competences developed at Scalado,” said
Hakan Persson, chief executive officer of Scalado.


editor@telecomlead.com

 

Latest

More like this
Related

UK okays $19 bn Vodafone-Three merger to create largest mobile operator

Britain’s Competition and Markets Authority (CMA) has approved Vodafone’s...

India telecom investment and revenue trends in Q2FY2025

Analysts at Motilal Oswal Financial Services have revealed three...

Canada asks 5% revenue share from online streaming services

Telecoms regulator said online streaming services operating in Canada...

Vodafone Idea reveals Capex, Opex, 4G coverage, ARPU in January-March

Vodafone Idea has revealed its financial result – Capex,...