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

  • Here and Esri partner on real-time traffic information
    July 9, 2013
    Finland’s Here is to provide its real-time traffic information to GIS mapping software specialist Esri, enabling the company to enhance its web and cloud location platform with more precise location data for intelligent routing with Here Traffic. Here’s traffic information will complement its map content, which Esri has been using for a decade, enabling Esri to provide a location-based analytics offering that will help businesses make more informed decisions. Fleet operators will be able to better manage pr
    Read More
  • Counting the environmental costs of ITS deployment
    October 29, 2015
    David Crawford looks at the latest thinking about calculating the benefits associated with the environmental side of ITS schemes. The penny is dropping that some environmental costs “are being shifted outside the traditional bounds of evaluation methods” for ITS-based road transport projects, according to researchers at the UK University of Leeds’ Institute for Transport Studies.
    Read More
  • New York pioneers online mobile real-time bus tracking
    May 22, 2012
    An unusual technology collaboration. David Crawford investigates Early in January 2012, the New York City Metropolitan Transportation Authority (MTA) rolled out the first borough-wide implementation of its pioneering Bus Time online mobile real-time tracking service. The system allow commuters to track each bus on every route in real-time on the internet, via smartphones and by text messaging to a mobile phone. The MTA chose Staten Island for its first live launch due to it being the only one of the five Ne
    Read More
  • Clearview and Here partner on real-time journey insights
    November 25, 2019
    Clearview Intelligence has entered an agreement to offer journey time information based on its Insight software platform and real-time traffic data from Here Technologies.
    Read More

Highlighted Content