Nokia 2009 Annual Report Download - page 210
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8. Acquisitions (Continued)
from these acquisitions amounted to EUR 29 million and EUR 32 million, respectively. The goodwill
arising from these acquisitions is attributable to assembled workforce and post acquisition synergies.
• Plum Ventures, Inc, based in Boston, USA, develops and operates a cloudbased social media
sharing and messaging service for private groups. The Group acquired certain assets of Plum on
September 11, 2009.
• Dopplr Oy, based in Helsinki, Finland, provides a Social Atlas that enables members to share travel
plans and preferences privately with their networks. The Group acquired a 100% ownership interest
in Dopplr on September 28, 2009.
• Huano Technology Co., Ltd, based in Changsha, China, is an infrastructure service provider with
Nokia Siemens Networks as its primary customer. Nokia Siemens Networks increased its ownership
interest in Huano from 49% to 100% on July 22, 2009.
• TSystems Traffic GmbH is a leading German provider of dynamic mobility services delivering near
realtime data about traffic flow and road conditions. NAVTEQ acquired a 100% ownership interest
in TSystems Traffic on January 2, 2009.
• Acuity Mobile, based in Greenbelt, USA, is a leading provider of mobile marketing content delivery
solutions. NAVTEQ acquired a 100% ownership interest in Acuity Mobile on September 11, 2009.
Acquisitions completed in 2008
NAVTEQ
On July 10, 2008, the Group completed its acquisition of all of the outstanding common stock of
NAVTEQ. Based in Chicago, NAVTEQ is a leading provider of comprehensive digital map information for
automotive systems, mobile navigation devices, Internetbased mapping applications, and
government and business solutions. The Group will use NAVTEQ’s industry leading maps data to add
context—time, place, people—to web services optimized for mobility.
The total cost of the acquisition was EUR 5 342 million and consisted of cash paid of EUR 2 772 million,
debt issued of EUR 2 539 million, costs directly attributable to the acquisition of EUR 12 million and
consideration attributable to the vested portion of replacement sharebased payment awards of
EUR 19 million.
F36
Notes to the Consolidated Financial Statements (Continued)