By Reuters
Helsinki, 13 Jun 2014
Finland's Nokia has agreed to buy small US 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 employees.
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 portfolio.
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