Nokia’s Here Maps sold to BMW, Daimler and Volkswagen

After months of negotiation, Nokia sells the HERE Maps division to the German consortium, BMW, Daimler and Volkswagen for US$2.71 billion, according to the BMW blog. The3 news has yet to be confirmed by Here or the other auto makers. The deal would see HERE Maps turn into an open platform, which all car manufacturers can use for navigation and mapping inside vehicles. The three German car makers plan to offer the platform to Fiat Chrysler, Renault, Peugeot, Ford, Toyota and General Motors, allowing them
July 28, 2015 Read time: 2 mins
After months of negotiation, 183 Nokia sells the 7643 Here Maps division to the German consortium, 1731 BMW, 2069 Daimler and 994 Volkswagen for US$2.71 billion, according to the BMW blog. The news has yet to be confirmed by Here or the other auto makers.

The deal would see Here Maps turn into an open platform, which all car manufacturers can use for navigation and mapping inside vehicles. The three German car makers plan to offer the platform to 1674 Fiat 1958 Chrysler, 2453 Renault, Peugeot, 278 Ford, 1686 Toyota and 948 General Motors, allowing them to use the mapping service for free without licensing issues.

Nokia is selling the entire division of Here, meaning the car consortium is likely to continue hiring developers to work on the platform.

Currently, companies like Chinese search giant Baidu and Facebook use Here Maps to power its own mapping services. It remains to be seen how the new deal will affect those services.
Location Based Systems

For more information on companies in this article

Related Content

  • Future traffic management needs new thinking, new technology
    January 23, 2012
    One of the biggest problems facing US ITS professionals, says Georgia DOT's Hugh Colton, is the constrained thinking which is sometimes forced upon those making procurement decisions. It is time, he says, to look again at how we do things. In the November/December 2010 edition of this journal, Pete Goldin interviewed Joseph Sussman, chairman of the US's ITS Program Advisory Committee. Amongst other observations that Sussman made was that, technologically, ITS in the US is 10 years behind that in the world-l
    Read More
  • Bosch to acquire 5% indirect ownership stake in Here Technologies
    January 8, 2018
    Bosch is acquiring a 5% ownership stake from Here Technologies’ (Here) indirect shareholders Audi AG, BMW Group and Daimler AG to help boost its services business. The deal also assists Here in its goal of becoming a global provider of data-based real-time location services to clients within and outside of the automotive industry. It is expected to be concluded by the end of the first quarter of 2018. Both parties have agreed not to disclose the purchase price of the acquisition which is still subject to a
    Read More
  • ITS European Congress: safer and cleaner mobility
    August 6, 2019
    Smart mobility and the increasing digitalisation of transport were among the main themes of this year’s ITS European Congress in the Netherlands. Ben Spencer picks some highlights from conference sessions which considered possible future developments Navigating between the Evoluon conference centre - a former science museum that resembles a giant-sized UFO - and an automotive campus, there was a lot to see at the 13th ITS European Congress in Brainport, Eindhoven. Organised by Ertico – ITS Europe and th
    Read More
  • Data collection becoming a crowded market
    October 26, 2017
    New ways of gathering data can revolutionise traffic and travel management, so is the writing on the wall for the traditional methods? Jon Masters reports. There are two big industries that stand to be revolutionised by massive increases in data – healthcare and transportation, says Finlay Clarke, the UK managing director of the smartphone sat nav traffic app, Waze. “At present we’re really only at the start of how cities, in particular, will be transformed,” he says.
    Read More

Highlighted Content