HELSINKI, June 12 Finland's Nokia on
Thursday said it has agreed to buy small U.S. company Medio
Systems for its navigation unit HERE.
The price of the deal, which is expected to close by
end-July, was not disclosed. Seattle-based Medio has about 60
Nokia said Medio's smart data technology enables it to
create digital maps that change according to the situation.
Nokia in April completed the sale of its once-dominant
mobile phone business to Microsoft, leaving the group
with its networks unit, navigation business and patent
(Reporting By Jussi Rosendahl, editing by David Evans)