14 DAY TRIAL // Today, Nokia announced plans to acquire Scalado, the imaging specialist it has been working with for the past decade or so.
The company announced that it intends to purchase both the world-class imaging specialists and technologies and intellectual property from Scalado AB.
Through this purchase, the company is aiming at offering better imaging capabilities to the owners of future Windows Phone-based Nokia Lumia smartphones.
"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."
Nokia also unveiled that it planned on turning the Lund site into a key location for driving Nokia's imaging software for smartphones.
The company already works on such technologies at two existing sites, one in Espoo and the other in Tampere, Finland.
The deal between the two companies is subject to customary closing conditions, and it is expected to be closed in the third quarter of the current year. No specific info on the terms of the transaction has been provided so far.
"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."
Nokia has been previously rumored to plan enhancing the imaging capabilities of its Windows Phone devices through bringing the PureView technology to them.
The company included such high-end capabilities in its Nokia 808 PureView smartphone, which was made official this year at the Mobile World Congress in Barcelona, and which already started to arrive on shelves around the world.