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
“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.