Thursday, 29 June 2017

Nokia sells Here to German car makers for €2.8bn

By Nick Wood, Total Telecom
Monday 03 August 15

Audi, BMW, Daimler say vendor's mapping technology will accelerate development of autonomous vehicles.

Nokia on Monday agreed a €2.8 billion deal to sell its Here mapping business to a group of German car makers comprised of Audi, BMW and Mercedes parent Daimler. "With this step we complete the latest stage of Nokia's transformation. We integrated the former Nokia Siemens Networks, divested our Devices & Services business, and have now reached agreement on a transaction for Here that we believe is the best path forward for our shareholders…

Nokia on Monday agreed a €2.8 billion deal to sell its Here mapping business to a group of German car makers comprised of Audi, BMW and Mercedes parent Daimler. "With this step we complete the latest stage of Nokia's transformation. We integrated the former Nokia Siemens Networks, divested our Devices & Services business, and have now reached agreement on a transaction for Here that we believe is the best path forward for our shareholders…

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