Huge layoff restructure plan and confirmation of selling out luxury Vertu to EQT does not stop Nokia to acquire developers, technologies and intellectual property from imaging company Scalado. The Lund-based 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. The transaction is expected to close during the third quarter of 2012 although the companies are keeping the terms of the transaction confidential.
“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.”