BMW, Audi, Daimler buys Nokia’s HERE

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Nokia has announced that it has agreed to sell HERE, its mapping business to a consortium of automobile makers Audi, BMW and Daimler for €2.8 billion ($3.07 billion).

About HERE

HERE, a Nokia company, is a leader in navigation, mapping and location experiences. they build high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices – from smartphones and tablets to wearables and vehicles.

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Following the announcement, the HERE team mentioned that the sale will not affect HERE’s mobile apps, available for Android, iOS and Windows Phone, stating that the presence of mobile navigation services allows car manufacturers to “extend their product and service offerings beyond the car.”

Nokia is expected to complete its $16.6 billion deal to buy Alcatel-Lucent by the first half of next year. These deals will leave the firm comprised of Nokia Networks, its broadband infrastructure business, and Nokia Technologies, an “advanced technology and develop” unit that intends to work with manufacturers to release new mobile devices in 2016.

In an internal interview, President Sean Fernback said HERE would become “a much stronger company” that will remain independent and neutral — “the Switzerland of maps” — following the acquisition

 

Via: techcrunch, androidcentral

Source: Nokia

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