Nokia Acquires Trolltech

Nokia officially acquires Trolltech

On June 5th, 2008 European Commission announced that it had unconditionally approved Nokia’s voluntary tender offer for all the shares in Trolltech ASA (OSE: Troll). Nokia today announced that it has completed its acquisition of Trolltech, a recognized software provider with world-class software development platforms and frameworks.

In addition to the key software assets, the Trolltech team will play an important role in accelerating the implementation of Nokia's software strategy. This will enable Nokia to accelerate the cross-platform software strategy for mobile devices and desktop applications, and develop our Internet services business.

Key Messages

• The acquisition supports Trolltech's company vision of driving Qt adoption in the commercial and open source markets (Qt Everywhere).
• The acquisition of Trolltech will enable Nokia to accelerate the cross-platform software strategy for mobile devices and desktop applications, and to develop its Internet services business.
• With Nokia, Trolltech’s Qt technology will grow significantly in the PC and mass-volume mobile devices markets
• Nokia plans to continue to develop Trolltech’s products and continue to drive sales to new and existing customers
• Trolltech has benefited greatly from the feedback the community has been providing while using Qt to develop free software. We respect the symbiotic relationship Qt has with the community and we wish to continue and enhance this relationship.