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Trimble in Nokia Cross-License

The pact covers location technologies.
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Nokia (NOK) - Get Nokia Oyj Sponsored ADR Report and Trimble (TRMB) - Get Trimble Inc. Report signed a cross-licensing deal on location technologies.

Terms weren't disclosed, but Helskinki-based Nokia gets exclusive licenses on Trimble's Global Navigation Satellite System patents related to designated wireless products and services involving location technologies, such as GPS, assisted GPS or Galileo. In return, Trimble receives a nonexclusive license to Nokia's location-based patents for use in Trimble's commercial products and services. The deal will not be material to either company's revenue or income.

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