Germany, 31 August 2006: Nokia and gate5 AG have announced an agreement has been signed for Nokia to acquire gate5. gate5 is a supplier of mapping, routing and navigation software and services. By acquiring gate5, Nokia will offer its consumers – maps, routing, navigation and other location based applications on its mobile devices.
Anssi Vanjoki, Executive Vice President and General Manager, Multimedia, Nokia, said, “The personal navigation device market is in a rapid growth phase with the global market size expected to reach 15 million units in 2006 compared with 8 million units in 2005. By integrating the maps and navigation capabilities into our devices, Nokia will participate in this growth….”
Nokia will continue to support gate5’s PND (personal navigation device) customers. It will also continue to support gate5’s multi-platform strategy for mobile devices, including Symbian, Linux, Windows Mobile, Palm and Java platforms. Large display personal devices such as the Nokia 770 Internet Tablet are already there for maps and navigation purposes and by integrating the gate5 platform into these devices, Nokia can build the industry leading location experience for consumers. The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2006.
Headquartered in Berlin, Germany, gate5 is a supplier of navigation software in Europe.