Nokia to buy smart data firm for its map busines

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HELSINKI – Finland’s Nokia on Thursday said has agreed to buy small U.S. company Medio Systems for its navigation unit HERE.

of the deal, which is expected to close by end-July, was not disclosed. Seattle-based Medio has about 60 employees.

Nokia said Medio’s smart enables it to create digital maps that change according to the situation.

Nokia in April completed the sale of its once-dominant phone business to Microsoft, leaving the group its networks unit, navigation business and patent portfolio. (Reuters)