Nokia 2009 Annual Report Download - page 214

8. Acquisitions (Continued)
During 2008, the Group completed five additional acquisitions. The total purchase consideration paid
and the total goodwill arising from these acquisitions amounted to EUR 514 million and
EUR 339 million, respectively. The goodwill arising from these acquisitions is attributable to
assembled workforce and post acquisition synergies.
• Trolltech ASA, based in Oslo, Norway, is a recognised software provider with worldclass software
development platforms and frameworks. The Group acquired a 100% ownership interest in
Trolltech ASA on 6 June 2008.
• Oz Communications Inc., headquartered in Monteal, Canada, is a leading consumer mobile
messaging solution provider delivering access to popular instant messaging and email services on
consumer mobile devices. The Group acquired a 100% ownership interest in Oz Communications
Inc. on 4 November 2008.
• Atrica, based in Santa Clara, USA, is one of the leading providers of Carrier Ethernet solutions for
Metropolitan Area Networks. Nokia Siemens Networks acquired a 100% ownership interest in Atrica
on 7 January 2008.
• Apertio Ltd, based in Bristol, England is the leading independent provider of subscribercentric
networks for mobile, fixed and converged telecommunications operators. Nokia Siemens Networks
acquired a 100% ownership interest in Apertio Ltd on 11 February 2008.
• On 1 January 2008, Nokia Siemens Networks assumed control of Vivento Technical Services from
Deutsche Telekom.
Acquisitions completed in 2007
The Group and Siemens AG (“Siemens”) completed a transaction to form Nokia Siemens Networks on
April 1, 2007. Nokia and Siemens contributed to Nokia Siemens Networks certain tangible and intangible
assets and certain business interests that comprised Nokia’s networks business and Siemens’ carrier
related operations. This transaction combined the worldwide mobile and fixedline telecommunications
network equipment businesses of Nokia and Siemens. Nokia and Siemens each own approximately 50%
of Nokia Siemens Networks. Nokia has the ability to appoint key officers and the majority of the
members of the Board of Directors. Accordingly, for accounting purposes, Nokia is deemed to have control
andthusconsolidatestheresultsofNokiaSiemensNetworksinitsfinancialstatements.
The transfer of Nokia’s networks business was treated as a partial sale to the minority shareholders of
Nokia Siemens Networks. Accordingly, the Group recognised a nontaxable gain on the partial sale
amounting to EUR 1 879 million. The gain was determined as the Group’s ownership interest relinquished
for the difference between the fair value contributed, representing the consideration received, and book
value of the net assets contributed by the Group to Nokia Siemens Networks. Upon closing of the
transaction, Nokia and Siemens contributed net assets with book values amounting to EUR 1 742 million
and EUR 2 385 million, respectively. The Group’s contributed networks business was valued at EUR 5
500 million. In addition, the Group incurred costs directly attributable to the acquisition of EUR 51 million.
The table below presents the reported results of Nokia Networks prior to the formation of Nokia
Siemens Networks and the reported results of Nokia Siemens Networks since inception.
Net sales, EUR million
January 
March
April 
December Total
January 
March
April 
December Total
2007 2006
Nokia Networks..................... 1697 * 1697 1699 5754 7453
Nokia Siemens Networks ............. * 11696 11696 N/A N/A N/A
Total ............................. 1697 11696 13393 1699 5754 7453
F40
Notes to the Consolidated Financial Statements (Continued)