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Nokia sells its HERE mapping platform to BMW, Audi and Daimler for € 2.8 billion

At the end of last April we told you about the interest in acquiring HERE manifested by companies such as Facebook, Uber, the American venture capital firm Hellman & Friedman and German vehicle manufacturers such as BMW, Audi and Daimler. After several months of waiting, it was finally the group of car manufacturers made up of BMW, Audi and Diamler that bought the Nokia mapping platform.

The group of German vehicle manufacturers has acquired HERE for 2,800 million euros, an amount that shows deep interest in the company's mapping platform. As we have been able to read in the press release of the news, each of the manufacturers invest the same amount HERE. In addition to being a movement of great importance to Nokia, the consortium of German manufacturers hopes to benefit greatly from the technology developed by the well-known company, using HERE to improve the navigation systems of their vehicles. Specifically, the German group stresses the importance of the acquisition of HERE for the future of the automotive industry, which will require highly accurate mapping systems in order to make autonomous driving and assistance systems a daily occurrence. The purchase is expected to close during the first quarter of next year 2016.

Source: Nokia | BMW.