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Nokia: Acquisition of gate5 completed

October 12, 2006 by Dusan Belic - Leave a Comment

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Nokia N95 with navigationNokia has completed its acquisition of gate5 AG, which software is integrated in the recently announced Nokia N95.

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.

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.

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