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NRC Group — M&A Activity 2010
Aug 24, 2010
3693_rns_2010-08-24_d116ace7-1f0d-498f-8bfa-b8e3c2ba9122.html
M&A Activity
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Divestment of Technology Rights
Blom has entered into a Sales Purchase Agreement with
the Portuguese provider of navigation systems and
mobility solutions, NDrive. Under this agreement
Blom divests certain Technology Rights related to
navigation for mobile devices.
The estimated revenue impact for Blom in 2010 is
expected to be approximately NOK 25 million.
This transaction strengthens the strategic
partnership between Blom and NDrive and will enable
NDrive to capture further market share for navigation
solutions.
For further information please contact:
CEO Dirk Blaauw, tel. (+47) 22 13 19 20 or
CFO Lars Bakklund, tel. (+47) 22 13 19 34.
About BLOM
Blom is a leading European service provider within
acquisition, processing and modelling of geographic
information. Blom maintains unique European databases
with collections of map, images and models. With
particular focus on online services, Blom provides
data and solutions to customers in government,
enterprise and consumer markets and enables partners
to create applications using Blom's databases,
location based services and navigation solution. Blom
has more than 1,150 employees and subsidiaries in 13
countries. The company headquarter is located in
Oslo, Norway. Blom is listed on the Oslo Stock
Exchange (ticker BLO). For more information, visit
www.blomasa.com
About NDrive
NDrive is a European innovator in the development and
supply of onboard navigation systems and mobility
solutions for Windows Mobile, Symbian, iPhone,
Android and bada platforms.