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Nokia acquires Matra Nortel Communications' GSM Terminals R&D unit in Ulm, Germany
June 25, 1998
The acquisition strengthens Nokia's leading position in the development of Smart Traffic Products
Nokia today announced that it has bought the GSM Terminals Research and Development unit of Matra Nortel Communications. The unit, located in Ulm, Southern Germany, will join Nokia and concentrate its efforts on the development of Nokia's Smart Traffic Products. It will continue to operate in Ulm and work in close cooperation with Nokia's other Smart Traffic Products and mobile phone R&D centers.
"The Research and Development center in Ulm has extensive experience in GSM development, and its success has been proven many times. We are therefore delighted to combine our expertise in strengthening our leadership. For Nokia, Smart Traffic Products is an important area for future business potential. We work very closely with the world's leading car manufacturers to connect the car user to the outside world, by enabling useful services in the fields of safety, comfort, productivity and entertainment. It is my pleasure to welcome the new Nokia employees in Ulm to this exciting and fast growing business" said Kalevi Kaartinen, Vice President, Smart Traffic Products, Nokia Mobile Phones.
Nokia Smart Traffic Products develops telecommunications -driven telematics solutions for road vehicles. The products combine Nokia's expertise in mobile phone networks, terminals and wireless data products. The Smart Traffic Terminal is incorporated in the car, and can provide the user with traffic information and navigation, automated emergency functions, in-car security and car maintenance functions. The system is based on the existing GSM infrastructure and the GPS navigation. The first Smart Traffic solutions will be expected during 1999.
Headquartered in Finland, Nokia is a broad-scope telecommunications company supplying mobile phones, mobile and fixed telecommunications networks, data communications solutions, multimedia terminals and PC monitors. With sales in 130 countries, net sales totaled FIM 52.6 billion ($9.8 billion) in 1997. Nokia, listed on NYSE (NOK.A), employs more than 38,000 people worldwide.
Further information:
Nokia Mobile Phones
Communications
Tel. +358 10 5051
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