AUDI AG, BMW Group and Daimler AG successfully concluded the acquisition of Nokia’s digital mapping and location business HERE. The three partners each hold an equal stake in HERE. All competent antitrust authorities approved the transaction.
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The acquisition is intended to secure the long term availability of HERE’s products and services as an open, independent and value creating platform for cloud-based maps and other mobility services accessible to all customers from the automotive industry and other sectors. The three partners will each hold an equal stake in HERE; none of them seeks to acquire a majority interest.
Extremely precise digital maps will be used in combination with real-time vehicle data in order to increase road safety and to facilitate innovative new products and services. On the basis of the shared raw data, all automobile manufacturers can offer their customers differentiated and brand-specific services.
More details are going to be revealed on Monday.