Taking partnership to a whole new level.
After several years of working in partnership with Scalado, Nokia has decided to take more responsibility for imaging applications by acquiring the company. Nokia will take on the developers, technologies and intellectual properties as a result of this acquisition. The Lund site in Sweden 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 in Finland.
Executive vice president of Smart Devices at Nokia, Jo Harlow, acknowledged the role that Scalado has played in the last ten years. Harlow added, “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."
Meanwhile, chief executive officer of Scalado AB, Håkan Persson, said that this is a great opportunity for the company and those involved. Persson said, “Doing this as part of Nokia, already a leader in mobile imaging, will reinforce the strength of the technologies and competences developed at Scalado.” The deal is expected to be completed in the third quarter of this year. Those involved have remained quiet on the specifics of the deal.