 Nokia completes acquisition of gate5 -- The acquisition of gate5 is an important
step in developing the new product category of multimedia computers that offer
people multiple ways to connect to information, entertainment and other people.
Espoo, Finland and Berlin, Germany - Nokia today announced that it has completed
its acquisition of gate5 AG, a leading supplier of mapping, routing and navigation
software and services.
The acquisition of gate5 is an important step in developing the new product category
of multimedia computers that offer people multiple ways to connect to information,
entertainment and other people. In the end of September, Nokia introduced the
Nokia N95 multimedia computer with integrated GPS and navigation functionality.
The Nokia N95 maps and navigation application is based on the gate5 software platform.
"We see that location based experiences, such as search, mapping and navigation
will be a fundamental platform for many applications in Nokia Nseries devices
going forward." said Anssi Vanjoki, Executive Vice President and General Manager,
Multimedia, Nokia. "Nokia's strategy in this space is to offer world-leading location
based experiences as an integrated offering to our customers. I'm excited to see
the new team to bring exciting and easy-to-use location based applications into
the upcoming Nokia Nseries multimedia computers and into many other Nokia products".
With the completion of this acquisition, gate5 now enhances the Multimedia Business
Group's organization as a center of competency for location based experiences
in Berlin, Germany. The gate5 team continues to be dedicated to delivering world
class solutions to third party customers in the PND (Personal Navigation Device)
and mobile devices space. It will maintain its multi-platform strategy for mobile
devices, including the support of Symbian, Linux, Windows Mobile, and Palm platforms.
Together with the closing of the transaction, Nokia also announced that with
immediate effect it has established a sales unit for its Location Based Software
and Services in Hong Kong, targeting its PND customers in the Asia-Pacific region.
About Nokia
Nokia is the world leader in mobile communications, driving the growth and sustainability
of the broader mobility industry. Nokia connects people to each other and the
information that matters to them with easy-to-use and innovative products like
mobile phones, devices and solutions for imaging, games, media and businesses.
Nokia provides equipment, solutions and services for network operators and corporations.
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