Nokia to acquire developers, technologies, intellectual property for imaging

Nokia is announcing plans to acquire world-class imaging specialists as well as all technologies and intellectual property from Scalado AB. \"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.\" 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,\" said Håkan Persson, chief executive officer of Scalado AB. \"Doing this as part of Nokia, already a leader in mobile imaging, will reinforce the strength of the technologies and competences developed at Scalado. We are very excited about this opportunity, which is a natural next step in our longstanding relationship with Nokia.\" The transaction, which is subject to customary closing conditions, is expected to close during the third quarter of 2012. The terms of the transaction are confidential.