Nokia 2010 Annual Report Download - page 224

9. Acquisitions (Continued)
• 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, Internetbased 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 sharebased payment awards of
EUR 19 million.
F36
Notes to the Consolidated Financial Statements (Continued)