Nokia to acquire Scalado, build a better Lumia (Updated)

Scalado has more than a few tricks squirreled away in its mobile imaging bag, tricks that have served the likes of HTC and RIM well. Now, Espoo want those tricks all to itself. After working with the Swedish firm for years, Nokia has decided to take its partnership with Scalado to the next level: acquisition. The imaging outfit will be turning over its developers, intellectual property, technology and moniker over to Nokia in the third quarter of 2012 -- although the terms of the deal are confidential. Finland's favorite smartphone manufacturer plans to use Scalado's technology to enhance "imaging experiences for Nokia Lumia devices." Sounds good to us. Check out the official (and brief) press release after the break.

Update: Nokia has contacted us to amend its original statement somewhat. While it's acquiring the imaging company's developers, technologies and IP portfolio, it's not buying the company outright. We suspect that this is more a quirk of company law -- since Scalado still has obligations with HTC and RIM, it can't leave them in the lurch. We've included the follow-up statement after the jump.

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Nokia to acquire developers, technologies and intellectual property for imaging from Scalado

Acquisition aimed at enhancing imaging experiences for Nokia Lumia devices

Espoo, Finland and Lund, Sweden: Nokia is announcing plans to acquire world-class imaging specialists as well as all technologies and intellectual property from Scalado AB.

"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."

The Lund site is planned to become a key site for Nokia's imaging software for smartphones, in addition to Nokia's existing locations in Espoo and Tampere, Finland.

"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."

The transaction, which is subject to customary closing conditions, is expected to close during the third quarter of 2012. The terms of the transaction are confidential.

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"Nokia is not acquiring Scalado AB, which will continue to exist. All present customer agreements and obligations will remain with Scalado AB. The main task of Scalado AB will be to continue to work with its customers honoring existing delivery and support obligations and fulfilling any and all obligations in relation to its existing customers. It will not be seeking new work with existing or new customers.

What Nokia is acquiring is all of Scalado's technologies and IP, along with 50-60 talented mobile imaging specialists from Scalado; they'll remain in Lund which will become a key site for us in mobile imaging, alongside Espoo and Tampere in Finland. This will enable Nokia to expand beyond capturing just images to capturing moments and emotions that can be relived in many different ways. We look forward to welcoming the team to Nokia when the transaction closes, expected in Q3."