Nokia Looking To Stay Competitive With Mergers

Nokia has made a number of acquisitions lately, with the biggest being their takeover of Navteq. The company is looking to stay competitive in an increasingly global marketplace where knowledge is power.

According to Kallasvuo, Nokia needs to be humble in the new world and to take an open attitude toward success stories invented elsewhere. The company cannot invent, develop, or have knowledge of everything. The new attitude has been reflected in the recent buying frenzy.
So far, Nokia has managed to make good use of its acquisitions. Nokia built a positioning service on the basis of the Gate5 navigation software company, the purchase of Loudeye, which produces Internet music stores, was followed by the announcement of a new music store a year and a half later.
Nokia will have to digest the purchase the size of Navteq for a while, but the acquisitions are unlikely to end here.

The improvement in GPS capability alone made Nokia a whole lot more competitive, and it makes you wonder who the cell phone industry won’t be in direct competition with if this keeps up. Expect more announcements from Nokia soon concerning their integration of Navteq.