Mooreland Partners advises Scalado in sale to Nokia
Lund, Sweden / Espoo, Finland – June 14, 2012 — Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to Scalado AB (www.scalado.com) in the sale of its technology assets to Nokia (HLSE:NOK1V).
Nokia will acquire developers, technologies and intellectual property for imaging from Scalado. Nokia plans to make Scalado’s headquarters in Lund 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 subject to customary closing conditions and is expected to close during the third quarter of 2012.
Scalado is a leading provider of platform independent, next-generation imaging applications and software solutions for smartphones.
This transaction underpins, once again, Mooreland’s leadership in mobile value chain M&A and its commitment to European venture backed companies.
For more information on the transaction, please contact Peter Globokar.
Peter Globokar, Managing Director
Direct Line: +44 207 484 1353