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Vodafone to buy Sweden's Wayfinder Systems
Wayfinders expertise in location-based services will enable Vodafone to develop a suite of new LBS.
Vodafone Group Plc is to make a cash offer for a Swedish navigational software firm to help improve its mobile Internet offering by providing local search, advertising and direction services.
Vodafone has targetted growing mobile data revenues as the mobile market becomes saturated, and the acquisition of Wayfinder Systems could help it attract and keep customers.
Vodafone is offering 12 crowns per share, compared with Monday's closing price of 3.40 crowns. The offer values the Swedish company at 239 million Swedish crowns ($30 million).
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