Intel to acquire stake in Here

Intel has agreed to purchase a 15 percent ownership stake in digital maps and location-based services provider Here, from Here’s current indirect shareholders, Audi, BMW and Daimler. Intel and Here have also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition (HD) maps for highly and fully automated driving. Additionally, the two companies plan to jointly explore strategic opportunities th
January 4, 2017 Read time: 1 min
4243 Intel has agreed to purchase a 15 percent ownership stake in digital maps and location-based services provider 7643 Here, from Here’s current indirect shareholders, 2125 Audi, 1731 BMW and 2069 Daimler.

Intel and Here have also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition (HD) maps for highly and fully automated driving. Additionally, the two companies plan to jointly explore strategic opportunities that result from enriching edge-computing devices with location data.

Intel will also work with Audi, BMW and Daimler to test the architecture. Intel and Here envision making the architecture broadly available across the automotive industry as a seamlessly integrated offering that simplifies and shortens time of development for automakers.

The transaction is expected to close in the first quarter of 2017.
Location Based Systems

For more information on companies in this article

Related Content

  • Joining the dots: four ways to help cities make the connection
    May 18, 2018
    Smoothing the path to connected transportation systems in urban areas all round the world takes a lot of planning: Cisco’s Kyle Connor lays out the four key areas on which he thinks cities should focus. Forward-thinking cities around the world are exploring innovative, new ways to leverage the Internet of Things (IoT) and related technologies to create more connected and efficient transportation systems. Through greater digitisation and connectivity, cities can optimise public transit routes, reduce
    Read More
  • Start-ups ‘steering growth and innovation in global automotive and mobility industry’
    May 24, 2017
    From devising driver monitoring systems to mapping services and driver safety data on the go, start-ups are rapidly emerging in every technological vertical in the automotive space, say Frost & Sullivan researchers. Over 1,700 start-ups are focusing on developing technologies that enable electrification, autonomous cars and mobility solutions to reduce the cost of ownership and enhance user experience. Meanwhile, original equipment manufacturer (OEM) start-up initiatives such as BMW Start-up Garage, the JLR
    Read More
  • Car makers test next generation connected car communications technology
    July 11, 2016
    Audi, Deutsche Telekom, Huawei, Toyota Motor Europe and other car manufacturers are currently carrying out technical field trials on testing LTE-Vehicular (LTE-V), which is seen as a potential enabler for road safety applications and traffic control services as well as emerging automated driving use. The tests, which are being carried out on the A9 motorway in Germany, with the objective of assessing the performance of LTE-V for connected vehicle communications during its standardisation process. LTE
    Read More
  • Bespoke ITS is helping to reduced collisions on America’s rural roads
    October 22, 2014
    David Crawford cherrypicks conference and award highlights Almost 30% of all US citizens live in rural areas or very small communities, and 34 of the 50 states exceed this level in their own populations, with the proportions rising as high as 85%. And although rural routes carry only 35% of all traffic, the accidents that occur on them account for some 54% of all US road traffic accident deaths.
    Read More

Highlighted Content