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

  • Welcome to Digital, Free Flow Tolling
    April 17, 2024
    Emovis’ work in the Netherlands demonstrates many benefits of free flow tolling as Benoît Rossi, director of business development at Emovis, an Abertis-owned entity, highlights
    Read More
  • Developments in travel information display systems
    August 1, 2012
    David Crawford looks at recent developments in travel information display systems. It is important to remember that we are investing in Real-Time Passenger Information [RTPI] to increase ridership," says Robert Burke, Managing Director of New Zealand transit tracking technology specialist Connexionz, which has been involved in at-stop and remote passenger information since 1995. "Superior information improves the perception of public transport reliability and gives the passenger more choices and greater con
    Read More
  • Here launches cloud service for management of location data
    October 12, 2018
    Here Technologies says its cloud management service will make it easier for developers and map makers to manage location data. The Here XYZ, available in Beta, provides map makers and developers of location-aware applications with access to uploaded data, rendering tools and cloud services to share their locations, the company adds. The solution allows developers to access the XYZ Hub API where they can upload location datasets and edit them via the Command Line Interface. ‘Casual’ mappers can also use
    Read More
  • Long-range electric vehicles ‘set to gain popularity globally’
    April 22, 2015
    According to new analysis from Frost & Sullivan, the global electric vehicles (EV) market has made huge progress, with more than 55 models now available globally. Currently, over 70 per cent of the models on the market are battery EVs (BEVs) and approximately 25 per cent are plug-in hybrid EVs (PHEVs). Nevertheless, the number of PHEVs is likely to increase over the next three to four years. The market will see greater demand for longer-range vehicles that allow customers to drive up to and past the pure EV
    Read More

Highlighted Content