Audi AG, BMW, Daimler AG agree with Nokia to acquire HERE digital


(MENAFN) AUDI AG, BMW Group and Daimler AG agreed with Nokia Corporation on joint acquisition of HERE digital mapping business, which will secure and strengthen HERE as an independent company.

Real-time maps and location based services will be the basis for the mobility of tomorrow, Transaction expected to close in first quarter 2016 Ingolstadt, Munich, Stuttgart, August 3rd, 2015.

AUDI AG, the BMW Group and Daimler AG have agreed with Nokia Corporation that they will acquire its mapping and location services business HERE.

The acquisition is intended to secure the long term availability of HERE's products and services as an open, independent and value creating platform for cloud-based maps and other mobility services.


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