Digia Oyj - Tender offer

DIGIA HAS SIGNED AN AGREEMENT TO ACQUIRE Qt SOFTWARE TECHNOLOGY AND BUSINESS FROM NOKIA

Helsinki, 2012-08-09 08:00 CEST (GLOBE NEWSWIRE) -- DIGIA PLC  STOCK EXCHANGE
RELEASE 9 August 2012, 9:00 A.M. 



DIGIA HAS SIGNED AN AGREEMENT TO ACQUIRE Qt SOFTWARE TECHNOLOGY AND BUSINESS
FROM NOKIA 

Digia Plc. (DIG1V) has signed an agreement with Nokia to acquire Qt software
technologies and Qt business from Nokia. Following the acquisition, Digia will
be responsible for all the Qt activities formerly carried out by Nokia,
including R&D, commercial and open-source licensing and services business. The
transaction is expected to close during Q3 2012, subject to customary closing
conditions. 

Since Digia acquired the Qt Commercial licensing business from Nokia in March
2011, the operation has been successful and grown substantially. In order to
enhance its position within the Qt ecosystem, Digia now plans to acquire the
remaining Qt software technology and business from Nokia, including
technologies, copyright and trademarks as well as Qt people. Following the
close of the transaction, Digia plans to bring Qt to other popular operating
systems Android, iOS and Windows 8. 

As part of the transaction, a maximum of 125 employees will transfer to Digia.
Most are located in Oslo, Norway and Berlin, Germany, with others in the USA
and Finland. Transferring employees will join local Digia subsidiaries in
Norway, Finland and USA whereas in Germany Digia will establish a new
subsidiary. 

Digia forecasts the impact of this transaction to 2012 revenues to be slightly
positive and earnings neutral. In the following years, Digia estimates the Qt
business will continue to grow profitably. This business transaction will
significantly strengthen Digia's product business and supports Digia's
strategic objective to grow internationally. 

Qt has been used by over 450,000 developers and thousands of leading companies
worldwide in over 70 industries to power the most innovative, mission-critical
and renowned applications and UIs. Commercially licensed Qt is a leader in a
number of key market segments including automotive, medical, advanced
visualization & animation, industrial automation and aerospace & defense. In
the future, Digia expects that Qt will have a key role bringing world-class
user experiences and user interfaces to embedded systems and consumer
electronics. 

Digia aims to expand the Qt business by focusing on overall cross platform
support of Qt, with the intent to build the leading cross platform application
framework across desktop, embedded and mobile operating systems. 

Helsinki, 9 August 2012

Digia Plc

Juha Varelius
President and CEO


More information
Marketing Director Wilhelm Taht, GSM +358400959129, e-mail:
wilhelm.taht@digia.com 

DISTRIBUTION
NASDAQ OMX Helsinki
Key media