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Espoo (pte028/05.04.2005/12:30) - The European Aeronautic Defence and Space Company (EADS) http://www.eads.net is set to buy Nokia's Professional Mobile Radio (PMR) business to enhance the company's position in homeland security systems and mission critical secure wireless communications solutions. The move will create a highly competitive global player in the growing market, with over 130 customers in 56 countries, Nokia http://www.nokia.com said today in a press release on its website. Nokia's PMR business, including TETRA infrastructure and terminals, currently comprises 325 employees who would be transferred to EADS.
"This move enhances EADS' position in the global homeland security sector. Together, Nokia's TETRA and our TETRAPOL technologies create an excellent foundation for next generation solutions for mission critical communications," said Stefan Zoller, CEO of EADS Defence and Communication Systems (DCS). "We see a global market potential in this field, of over 10 billion euros within the next five years. By having the main technology platforms in our portfolio, we will be able to offer our customers innovative solutions, and serve their evolving needs," he added. "Our current customers would gain both from future development of TETRA technology, and terminals, as well as the Large System Integrator's expertise of EADS," said Matti Peltola, vice president of Nokia's Professional Mobile Radio Networks division.
"This acquisition would give us the strength to enter new business in all markets including North America. Customers will benefit from our extensive product and service portfolio, global footprint, and leading R&D capabilities," said Michel Josserand, senior vice president and the head of EADS' DCS Professional Mobile Radio. "As EADS would continue to develop both TETRA and TETRAPOL technologies, our customers would gain from superior solutions today and in the future," he added. The closing of the acquisition is expected before the end of 2005, subject to receipt of the necessary regulatory approvals," Nokia said.
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